Insider Selling: United Rentals, Inc. (NYSE:URI) VP Sells 708 Shares of Stock

United Rentals, Inc. (NYSE:URI - Get Free Report) VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

United Rentals Trading Up 0.0%

Shares of NYSE:URI traded up $0.22 during trading on Thursday, reaching $713.57. The company's stock had a trading volume of 252,109 shares, compared to its average volume of 599,451. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The firm's 50 day simple moving average is $621.98 and its two-hundred day simple moving average is $712.30. The stock has a market capitalization of $46.38 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The business had revenue of $3.72 billion during 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 firm's revenue was up 6.7% on a year-over-year basis. On average, research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on URI shares. Truist Financial lifted their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price objective for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Evercore ISI cut their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $725.69.

Institutional Trading of United Rentals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benchmark Investment Advisors LLC increased its position in shares of United Rentals by 13.7% during the first quarter. Benchmark Investment Advisors LLC now owns 6,425 shares of the construction company's stock worth $4,027,000 after acquiring an additional 774 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in United Rentals by 4.6% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 566 shares of the construction company's stock worth $355,000 after purchasing an additional 25 shares during the last quarter. Vident Advisory LLC grew its holdings in United Rentals by 11.6% in the first quarter. Vident Advisory LLC now owns 35,936 shares of the construction company's stock worth $22,522,000 after purchasing an additional 3,749 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of United Rentals by 9.8% during the first quarter. Evergreen Capital Management LLC now owns 582 shares of the construction company's stock valued at $365,000 after buying an additional 52 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of United Rentals by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock valued at $532,561,000 after buying an additional 190,007 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

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.