Sigma Planning Corp Sells 1,561 Shares of United Rentals, Inc. (NYSE:URI)

Sigma Planning Corp trimmed its position in United Rentals, Inc. (NYSE:URI - Free Report) by 69.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 685 shares of the construction company's stock after selling 1,561 shares during the quarter. Sigma Planning Corp's holdings in United Rentals were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in URI. International Assets Investment Management LLC grew its stake in United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company's stock worth $598,106,000 after buying an additional 1,041,281 shares during the last quarter. Deutsche Bank AG grew its stake in United Rentals by 88.1% during the 3rd quarter. Deutsche Bank AG now owns 362,151 shares of the construction company's stock worth $161,001,000 after buying an additional 169,586 shares during the last quarter. Invesco Ltd. grew its stake in United Rentals by 19.1% during the 3rd quarter. Invesco Ltd. now owns 933,428 shares of the construction company's stock worth $414,974,000 after buying an additional 149,838 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in United Rentals during the 3rd quarter worth $40,634,000. Finally, The Manufacturers Life Insurance Company grew its stake in United Rentals by 12.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company's stock worth $284,061,000 after buying an additional 72,066 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO William E. Grace sold 775 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now directly owns 6,323 shares of the company's stock, valued at $4,145,485.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Truist Financial assumed coverage on United Rentals in a research note on Thursday, March 14th. They set a "buy" rating and a $793.00 price objective for the company. BNP Paribas reissued an "underperform" rating and issued a $485.00 price target on shares of United Rentals in a research note on Friday, January 5th. Barclays increased their price target on United Rentals from $325.00 to $400.00 and gave the stock an "underweight" rating in a research note on Friday, January 26th. Morgan Stanley began coverage on United Rentals in a research note on Monday, January 8th. They issued an "equal weight" rating and a $500.00 price target for the company. Finally, Robert W. Baird increased their price target on United Rentals from $322.00 to $559.00 and gave the stock an "underperform" rating in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $600.57.

United Rentals Price Performance

Shares of United Rentals stock traded down $0.12 during trading on Friday, hitting $690.80. The stock had a trading volume of 581,711 shares, compared to its average volume of 538,819. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.75. The firm has a market cap of $46.00 billion, a P/E ratio of 18.71, a PEG ratio of 2.40 and a beta of 1.84. The business has a fifty day moving average of $681.18 and a two-hundred day moving average of $579.53. United Rentals, Inc. has a fifty-two week low of $325.15 and a fifty-two week high of $732.37.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating the consensus estimate of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.95 earnings per share. On average, sell-side analysts expect that United Rentals, Inc. will post 43.13 earnings per share for the current fiscal year.

United Rentals announced that its Board of Directors has approved a stock repurchase plan on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals's dividend payout ratio is 17.66%.

United Rentals 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.