J. L. Bainbridge & Co. Inc. Sells 10,921 Shares of United Rentals, Inc. (NYSE:URI)

J. L. Bainbridge & Co. Inc. reduced its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 95.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 558 shares of the construction company's stock after selling 10,921 shares during the period. J. L. Bainbridge & Co. Inc.'s holdings in United Rentals were worth $350,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its holdings in United Rentals by 2.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 26,649 shares of the construction company's stock worth $18,773,000 after buying an additional 600 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of United Rentals by 1.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,600 shares of the construction company's stock valued at $3,945,000 after acquiring an additional 103 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in United Rentals by 2.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,963 shares of the construction company's stock worth $1,383,000 after acquiring an additional 46 shares during the last quarter. Versor Investments LP bought a new position in United Rentals in the 4th quarter valued at approximately $889,000. Finally, Bouchey Financial Group Ltd bought a new position in United Rentals in the 4th quarter valued at approximately $249,000. Institutional investors own 96.26% of the company's stock.

Insider Buying and Selling

In related news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president now owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

United Rentals Price Performance

NYSE:URI traded up $11.96 during trading hours on Friday, hitting $754.03. 924,469 shares of the stock traded hands, compared to its average volume of 455,553. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The company has a market cap of $49.01 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.71. The stock has a 50 day moving average price of $688.57 and a 200 day moving average price of $682.49.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period last year, the firm posted $9.15 EPS. United Rentals's quarterly revenue was up 6.7% compared to the same quarter last year. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Analyst Upgrades and Downgrades

Several research firms recently commented on URI. Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective on the stock in a research report on Wednesday, April 16th. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and upped their target price for the company from $485.00 to $780.00 in a research note on Friday, May 16th. Robert W. Baird raised their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a report on Friday, June 13th. Finally, Citigroup reaffirmed a "buy" rating and set a $810.00 price target (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $766.23.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.