Tidal Investments LLC Sells 3,312 Shares of United Rentals, Inc. (NYSE:URI)

Tidal Investments LLC trimmed its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 39.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,983 shares of the construction company's stock after selling 3,312 shares during the period. Tidal Investments LLC's holdings in United Rentals were worth $3,510,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in URI. JPMorgan Chase & Co. boosted its position in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after buying an additional 105,287 shares during the period. Merit Financial Group LLC purchased a new position in shares of United Rentals during the fourth quarter worth $906,000. Arkadios Wealth Advisors boosted its position in shares of United Rentals by 99.0% during the fourth quarter. Arkadios Wealth Advisors now owns 607 shares of the construction company's stock worth $428,000 after buying an additional 302 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of United Rentals during the fourth quarter worth $298,000. Finally, Alpha Cubed Investments LLC boosted its position in shares of United Rentals by 6.2% during the fourth quarter. Alpha Cubed Investments LLC now owns 547 shares of the construction company's stock worth $385,000 after buying an additional 32 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president now owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred 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 now owns 1,921 shares of the company's stock, valued at $1,355,957.06. This trade 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 owned by company insiders.

United Rentals Stock Up 2.4%

NYSE:URI traded up $16.88 on Tuesday, reaching $716.98. The stock had a trading volume of 86,799 shares, compared to its average volume of 706,788. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average of $637.86 and a 200 day moving average of $704.22. The stock has a market cap of $46.60 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly 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 34.21% and a net margin of 16.78%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the business posted $9.15 EPS. The business's revenue for the quarter was up 6.7% on a year-over-year basis. On average, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.00%. United Rentals's dividend payout ratio (DPR) is 18.54%.

Analyst Ratings Changes

Several research analysts have recently commented on URI shares. UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and raised their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Citigroup lowered their price target on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Truist Financial increased their price objective on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $757.38.

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.