Wealth Alliance Sells 911 Shares of United Rentals, Inc. (NYSE:URI)

Wealth Alliance trimmed its position in United Rentals, Inc. (NYSE:URI) by 63.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 528 shares of the construction company’s stock after selling 911 shares during the quarter. Wealth Alliance’s holdings in United Rentals were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of URI. OFI Invest Asset Management bought a new stake in shares of United Rentals in the 3rd quarter valued at about $25,000. MUFG Americas Holdings Corp raised its holdings in shares of United Rentals by 1,900.0% in the 3rd quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock valued at $27,000 after purchasing an additional 95 shares during the period. Eagle Bay Advisors LLC bought a new position in United Rentals in the 2nd quarter valued at about $27,000. AdvisorNet Financial Inc raised its holdings in United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares during the period. Finally, NBC Securities Inc. bought a new position in United Rentals in the 3rd quarter valued at about $29,000. 96.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the sale, the chief financial officer now owns 6,323 shares in the company, valued at $4,145,485.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by company insiders.

United Rentals Stock Performance

NYSE URI opened at $632.88 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $42.51 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.21 and a beta of 1.84. The firm’s 50 day simple moving average is $680.37 and its 200 day simple moving average is $569.06. United Rentals, Inc. has a 1 year low of $325.15 and a 1 year high of $732.37.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 24th. The construction company reported $11.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.85 by $0.41. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.63 billion. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $9.74 EPS. As a group, research 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 authorized a share repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $1.63 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $6.52 annualized dividend and a dividend yield of 1.03%. United Rentals’s dividend payout ratio (DPR) is currently 18.44%.

Analysts Set New Price Targets

URI has been the topic of several research analyst reports. BNP Paribas reissued an “underperform” rating and issued a $485.00 price target on shares of United Rentals in a report on Friday, January 5th. Wells Fargo & Company increased their price target on shares of United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Barclays increased their price target on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 26th. The Goldman Sachs Group increased their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Truist Financial started coverage on shares of United Rentals in a report on Thursday, March 14th. They issued a “buy” rating and a $793.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average target price of $589.21.

United Rentals Company 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.