Advisory Services Network LLC Lowers Holdings in United Rentals, Inc. (NYSE:URI)

Advisory Services Network LLC trimmed its position in United Rentals, Inc. (NYSE:URI) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,613 shares of the construction company’s stock after selling 203 shares during the period. Advisory Services Network LLC’s holdings in United Rentals were worth $4,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of URI. Norges Bank purchased a new position in United Rentals in the 4th quarter valued at $977,443,000. International Assets Investment Management LLC lifted its holdings in United Rentals by 58,829.4% in 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 acquiring an additional 1,041,281 shares during the period. Deutsche Bank AG lifted its holdings in United Rentals by 88.1% in the third quarter. Deutsche Bank AG now owns 362,151 shares of the construction company’s stock valued at $161,001,000 after acquiring an additional 169,586 shares during the period. Invesco Ltd. lifted its holdings in United Rentals by 19.1% in the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after acquiring an additional 149,838 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of United Rentals during the 3rd quarter worth $40,634,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In related news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on URI. The Goldman Sachs Group lifted their price target on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. 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 report on Friday, April 26th. 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 report on Tuesday, February 20th. Finally, Truist Financial lifted their price objective on United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average price target of $600.79.

United Rentals Trading Up 1.0 %

Shares of NYSE:URI traded up $6.78 during trading on Friday, reaching $673.55. 296,107 shares of the stock were exchanged, compared to its average volume of 450,721. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. United Rentals, Inc. has a 12-month low of $330.30 and a 12-month high of $732.37. The firm has a market cap of $44.85 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.82. The firm’s 50-day moving average price is $685.43 and its 200 day moving average price is $615.89.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the business earned $7.95 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Tuesday, May 7th. United Rentals’s payout ratio is currently 17.66%.

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.