United Rentals, Inc. (NYSE:URI) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 81.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,127 shares of the construction company's stock after selling 4,853 shares during the quarter. Cresset Asset Management LLC's holdings in United Rentals were worth $794,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Crestline Management LP lifted its position in United Rentals by 372.9% in the 4th quarter. Crestline Management LP now owns 10,646 shares of the construction company's stock valued at $7,499,000 after purchasing an additional 8,395 shares during the last quarter. Cetera Investment Advisers increased its position in shares of United Rentals by 2.2% in the fourth quarter. Cetera Investment Advisers now owns 29,350 shares of the construction company's stock worth $20,676,000 after acquiring an additional 629 shares in the last quarter. Centiva Capital LP boosted its holdings in shares of United Rentals by 123.4% during the fourth quarter. Centiva Capital LP now owns 2,971 shares of the construction company's stock worth $2,093,000 after purchasing an additional 1,641 shares during the period. BOKF NA boosted its holdings in shares of United Rentals by 9.0% during the fourth quarter. BOKF NA now owns 9,592 shares of the construction company's stock worth $6,436,000 after purchasing an additional 790 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in United Rentals in the fourth quarter valued at approximately $3,817,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

United Rentals stock opened at $712.40 on Tuesday. The company has a market capitalization of $46.31 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.43 and a beta of 1.70. The business has a 50 day moving average of $618.32 and a 200-day moving average of $712.20. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year 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). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the business earned $9.15 earnings per share. United Rentals's revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on URI shares. JPMorgan Chase & Co. dropped their target price on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Citigroup dropped their target price on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and dropped their target price for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Robert W. Baird boosted their target price on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, Evercore ISI dropped their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $725.69.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred 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 transaction, the vice president now directly owns 1,921 shares of the company's stock, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,908 shares of company stock worth $1,890,567 in the last quarter. 0.53% of the stock is 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.

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