Mission Wealth Management LP Cuts Holdings in United Rentals, Inc. (NYSE:URI)

Mission Wealth Management LP lessened its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 14.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,241 shares of the construction company's stock after selling 1,843 shares during the quarter. Mission Wealth Management LP's holdings in United Rentals were worth $7,044,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals during the 4th quarter valued at $27,000. Meeder Asset Management Inc. raised its stake in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after purchasing an additional 29 shares during the period. Kestra Investment Management LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management bought a new position in United Rentals during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Transactions at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

United Rentals Price Performance

Shares of NYSE:URI traded down $6.76 on Monday, hitting $688.08. The company's stock had a trading volume of 625,442 shares, compared to its average volume of 589,911. The company has a market capitalization of $44.72 billion, a PE ratio of 17.76, a PEG ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a 50-day simple moving average of $662.96 and a 200 day simple moving average of $690.24. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company posted $9.15 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Analyst Ratings Changes

A number of research firms have issued reports on URI. Bank of America decreased their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their price objective on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Robert W. Baird boosted their price objective on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Evercore ISI cut their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Finally, UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and boosted their price target for the company from $485.00 to $780.00 in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus target price of $753.64.

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.