Sigma Investment Counselors Inc. Decreases Stock Position in United Rentals, Inc. (NYSE:URI)

Sigma Investment Counselors Inc. lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 4.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,436 shares of the construction company's stock after selling 499 shares during the period. Sigma Investment Counselors Inc.'s holdings in United Rentals were worth $6,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in URI. Rialto Wealth Management LLC purchased a new position in shares of United Rentals during the 4th quarter worth $25,000. Fourth Dimension Wealth LLC bought a new position in United Rentals in the 1st quarter worth $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals during the fourth quarter valued at $27,000. Meeder Asset Management Inc. lifted its position in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake 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.

United Rentals Price Performance

Shares of URI traded down $5.47 during midday trading on Friday, hitting $814.27. 603,953 shares of the company traded hands, compared to its average volume of 587,416. The stock has a market cap of $52.93 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.00 and a beta of 1.69. The firm has a 50 day moving average of $722.31 and a 200-day moving average of $686.12. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98.

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

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Insider Buying and Selling at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, the vice president owned 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the sale, the executive vice president owned 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Evercore ISI lowered their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Bank of America lowered their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $485.00 to $780.00 in a research note on Friday, May 16th. Truist Financial raised their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $768.54.

United Rentals Company 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.