United Rentals, Inc. (NYSE:URI) Holdings Decreased by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,188 shares of the construction company’s stock after selling 42,091 shares during the quarter. Brown Advisory Inc. owned 0.51% of United Rentals worth $195,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC boosted its position in United Rentals by 6.4% during the third quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock valued at $9,588,000 after purchasing an additional 1,304 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of United Rentals in the fourth quarter worth about $2,351,000. Verdence Capital Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter worth about $257,000. Graybill Wealth Management LTD. lifted its position in shares of United Rentals by 0.6% in the third quarter. Graybill Wealth Management LTD. now owns 9,487 shares of the construction company’s stock worth $4,218,000 after buying an additional 58 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in shares of United Rentals by 55.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 6,413 shares of the construction company’s stock worth $3,677,000 after buying an additional 2,289 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Activity

In other news, CEO Matthew John Flannery sold 8,379 shares of the company’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 sale, the chief executive officer now directly owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were 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 owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael D. Durand sold 559 shares of the company’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 owns 8,052 shares in the company, valued at $5,431,557.12. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

URI traded up $4.65 on Friday, hitting $685.79. 362,951 shares of the stock traded hands, compared to its average volume of 544,109. United Rentals, Inc. has a 52 week low of $330.30 and a 52 week high of $732.37. The firm has a market capitalization of $45.67 billion, a PE ratio of 18.58, a P/E/G ratio of 2.23 and a beta of 1.82. The business has a fifty day moving average price of $684.22 and a two-hundred day moving average price of $607.18. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39.

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 the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the company posted $7.95 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that United Rentals, Inc. will post 43.61 EPS for the current fiscal year.

United Rentals declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 0.95%. United Rentals’s dividend payout ratio is currently 17.66%.

Wall Street Analyst Weigh In

URI has been the subject of a number of analyst reports. Truist Financial boosted their price target on United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Barclays boosted their price objective on United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Stifel Nicolaus boosted 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. Finally, Evercore ISI boosted 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $600.79.

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.