Sigma Planning Corp Has $393,000 Stock Position in United Rentals, Inc. (NYSE:URI)

Sigma Planning Corp reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 69.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685 shares of the construction company’s stock after selling 1,561 shares during the period. Sigma Planning Corp’s holdings in United Rentals were worth $393,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in United Rentals by 58,829.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after buying an additional 1,041,281 shares in the last quarter. Invesco Ltd. raised its holdings in United Rentals by 19.1% during the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after buying an additional 149,838 shares in the last quarter. Northern Trust Corp raised its holdings in United Rentals by 1.5% during the third quarter. Northern Trust Corp now owns 680,217 shares of the construction company’s stock valued at $302,404,000 after buying an additional 10,018 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in United Rentals by 12.7% during the third quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company’s stock valued at $284,061,000 after buying an additional 72,066 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in United Rentals by 9.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 390,872 shares of the construction company’s stock valued at $173,770,000 after buying an additional 35,295 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Trading Down 0.0 %

Shares of URI opened at $690.77 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The stock’s 50-day moving average price is $681.18 and its 200 day moving average price is $578.63. The firm has a market capitalization of $46.00 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 2.40 and a beta of 1.84. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $7.95 earnings per share. As a group, research analysts predict that United Rentals, Inc. will post 43.13 earnings per share for the current year.

United Rentals declared that its board has authorized a stock repurchase program on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

United Rentals Dividend Announcement

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

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 775 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the transaction, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

URI has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird lifted their price objective on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research note on Friday, January 26th. Truist Financial assumed coverage on United Rentals in a research note on Thursday, March 14th. They issued a “buy” rating and a $793.00 price objective on the stock. Evercore ISI lifted their price objective on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, Stifel Nicolaus lifted their price objective on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, United Rentals has an average rating of “Hold” and an average target price of $600.57.

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.