Vontobel Holding Ltd. cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,928 shares of the construction company's stock after selling 1,017 shares during the period. Vontobel Holding Ltd.'s holdings in United Rentals were worth $1,835,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mather Group LLC. raised its stake in United Rentals by 16.1% during the 1st quarter. Mather Group LLC. now owns 1,077 shares of the construction company's stock valued at $675,000 after acquiring an additional 149 shares during the last quarter. Alta Advisers Ltd purchased a new position in United Rentals in the 1st quarter valued at approximately $212,000. RedJay Asset Management Inc. purchased a new position in United Rentals in the 1st quarter valued at approximately $1,253,000. Westside Investment Management Inc. increased its stake in United Rentals by 6.2% in the 1st quarter. Westside Investment Management Inc. now owns 5,494 shares of the construction company's stock valued at $3,443,000 after purchasing an additional 323 shares in the last quarter. Finally, Amalgamated Bank increased its stake in United Rentals by 1.1% in the 1st quarter. Amalgamated Bank now owns 13,082 shares of the construction company's stock valued at $8,198,000 after purchasing an additional 139 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.
United Rentals Trading Down 0.4%
Shares of URI stock traded down $3.29 during mid-day trading on Friday, hitting $784.50. 342,929 shares of the company's stock were exchanged, compared to its average volume of 587,760. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The stock has a 50-day simple moving average of $705.94 and a two-hundred day simple moving average of $683.00. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The stock has a market cap of $50.99 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.94 and a beta of 1.69.
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 (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the business earned $9.15 EPS. United Rentals's revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.
United Rentals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is currently 18.54%.
Analyst Ratings Changes
A number of brokerages have commented on URI. Truist Financial increased their target price on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. The Goldman Sachs Group increased their target price on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Citigroup reiterated a "buy" rating and set a $810.00 target price (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Robert W. Baird increased their target price on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Finally, Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price on the stock in a report on Wednesday, April 16th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $766.23.
View Our Latest Stock Analysis on URI
Insider Buying and Selling at United Rentals
In related news, 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 transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction 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 directly 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 disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.
United Rentals Profile
(
Free Report)
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.
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