United Rentals, Inc. $URI Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. cut its stake in United Rentals by 19.3% in the fourth quarter, selling 1,205 shares and leaving it with 5,029 shares valued at about $4.07 million.
• United Rentals reported Q1 earnings of $9.71 per share, missing analyst estimates of $11.47, while revenue of $3.98 billion also came in below expectations of $4.20 billion.
• Despite the earnings miss, analysts remain largely upbeat: several firms raised price targets, and the stock has a Moderate Buy consensus with an average target price of $1,045.81.

Pacer Advisors Inc. lowered its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,029 shares of the construction company's stock after selling 1,205 shares during the quarter. Pacer Advisors Inc.'s holdings in United Rentals were worth $4,070,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Aventura Private Wealth LLC acquired a new stake in United Rentals in the fourth quarter valued at about $27,000. Core Wealth Advisors LLC acquired a new position in United Rentals during the 4th quarter worth approximately $28,000. MV Capital Management Inc. purchased a new position in shares of United Rentals during the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund acquired a new stake in shares of United Rentals in the 4th quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Up 1.5%

URI opened at $1,092.73 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The company has a market cap of $68.46 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 1.70 and a beta of 1.81. United Rentals, Inc. has a one year low of $693.78 and a one year high of $1,106.88. The business's fifty day moving average is $960.26 and its two-hundred day moving average is $873.79.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts' consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.86 EPS. Analysts anticipate that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals's dividend payout ratio (DPR) is 20.10%.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the sale, the executive vice president owned 14,774 shares in the company, valued at $14,227,362. This represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

URI has been the subject of several research analyst reports. UBS Group raised their target price on United Rentals from $1,025.00 to $1,145.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Evercore reaffirmed an "outperform" rating and set a $1,101.00 price target on shares of United Rentals in a research note on Monday, May 11th. Morgan Stanley reiterated an "overweight" rating and issued a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. Citigroup raised their price objective on shares of United Rentals from $950.00 to $1,130.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Finally, Raymond James Financial reissued an "outperform" rating and set a $1,275.00 price objective on shares of United Rentals in a report on Wednesday, June 10th. Thirteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, United Rentals has an average rating of "Moderate Buy" and a consensus target price of $1,045.81.

United Rentals Company Profile

United Rentals, Inc NYSE: URI is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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