Orange Investment Advisors Inc. Lowers Stock Position in United Rentals, Inc. $URI

Orange Investment Advisors Inc. lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,187 shares of the construction company’s stock after selling 2,944 shares during the period. Orange Investment Advisors Inc.’s holdings in United Rentals were worth $6,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Aventura Private Wealth LLC purchased a new stake in United Rentals during the 4th quarter valued at $27,000. Abich Financial Wealth Management LLC purchased a new position in shares of United Rentals during the 3rd quarter valued at $29,000. Board of the Pension Protection Fund bought a new position in shares of United Rentals in the fourth quarter worth about $32,000. Laurel Wealth Advisors LLC bought a new position in United Rentals in the 4th quarter worth approximately $32,000. Finally, Fortitude Family Office LLC lifted its stake in shares of United Rentals by 121.1% in the 4th quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock valued at $34,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 0.5%

Shares of NYSE:URI opened at $931.17 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 52-week low of $681.98 and a 52-week high of $1,021.47. The stock has a market cap of $58.34 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.49 and a beta of 1.83. The business has a 50-day moving average price of $827.82 and a 200-day moving average price of $840.57.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the company posted $8.86 EPS. United Rentals’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals declared that its board has authorized a share buyback program on Wednesday, January 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is 20.10%.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on URI shares. Truist Financial set a $1,209.00 price objective on shares of United Rentals in a research note on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. Wells Fargo & Company lifted their price target on United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Robert W. Baird boosted their price objective on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Barclays increased their price target on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $996.94.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.