United Rentals, Inc. (NYSE:URI) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,961 shares of the construction company's stock after selling 1,343 shares during the period. Stratos Wealth Partners LTD.'s holdings in United Rentals were worth $7,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Values First Advisors Inc. lifted its holdings in United Rentals by 205.4% during the first quarter. Values First Advisors Inc. now owns 623 shares of the construction company's stock worth $390,000 after buying an additional 419 shares during the period. Interchange Capital Partners LLC purchased a new stake in United Rentals during the first quarter worth $227,000. Crossmark Global Holdings Inc. lifted its holdings in United Rentals by 40.8% during the first quarter. Crossmark Global Holdings Inc. now owns 2,931 shares of the construction company's stock worth $1,837,000 after buying an additional 850 shares during the period. Financial Counselors Inc. lifted its holdings in United Rentals by 50.6% during the first quarter. Financial Counselors Inc. now owns 10,024 shares of the construction company's stock worth $6,282,000 after buying an additional 3,367 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in United Rentals by 70.2% during the first quarter. TD Private Client Wealth LLC now owns 2,921 shares of the construction company's stock worth $1,831,000 after buying an additional 1,205 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on URI shares. Robert W. Baird upped their target price on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a report on Friday, June 13th. Bank of America decreased their price objective on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. Evercore ISI decreased their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Finally, Truist Financial increased their price objective on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $768.54.

United Rentals Stock Performance

URI stock traded down $5.47 during midday trading on Friday, reaching $814.27. The stock had a trading volume of 603,953 shares, compared to its average volume of 587,587. The stock has a market cap of $52.93 billion, a PE ratio of 21.08, a P/E/G ratio of 1.99 and a beta of 1.69. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. The firm has a fifty day simple moving average of $722.31 and a two-hundred day simple moving average of $685.83. 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 issued its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The business's revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $9.15 EPS. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

Insider Activity

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the 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 sale, the executive vice president directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president directly owned 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

About United Rentals

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.