Sanctuary Advisors LLC Sells 653 Shares of United Rentals, Inc. $URI

Sanctuary Advisors LLC lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,806 shares of the construction company’s stock after selling 653 shares during the quarter. Sanctuary Advisors LLC’s holdings in United Rentals were worth $7,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Camden National Bank lifted its holdings in shares of United Rentals by 10.0% in the 1st quarter. Camden National Bank now owns 428 shares of the construction company’s stock valued at $312,000 after acquiring an additional 39 shares during the last quarter. Checchi Capital Advisers LLC raised its position in United Rentals by 16.9% during the first quarter. Checchi Capital Advisers LLC now owns 637 shares of the construction company’s stock valued at $464,000 after purchasing an additional 92 shares during the period. AMF Tjanstepension AB bought a new stake in shares of United Rentals in the 1st quarter valued at approximately $60,249,000. J. Safra Sarasin Holding AG lifted its stake in shares of United Rentals by 86.3% in the 1st quarter. J. Safra Sarasin Holding AG now owns 721 shares of the construction company’s stock valued at $525,000 after purchasing an additional 334 shares during the last quarter. Finally, Applied Finance Capital Management LLC boosted its holdings in shares of United Rentals by 4.7% in the 1st quarter. Applied Finance Capital Management LLC now owns 21,721 shares of the construction company’s stock worth $15,825,000 after purchasing an additional 976 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on URI. JPMorgan Chase & Co. increased their price target on United Rentals from $1,050.00 to $1,100.00 and gave the company an “overweight” rating in a report on Monday, July 13th. KeyCorp lifted their price objective on shares of United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Barclays increased their target price on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price for the company in a report on Monday, June 29th. Finally, Evercore reiterated an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,140.00.

United Rentals Stock Down 2.6%

Shares of URI opened at $1,043.73 on Friday. The firm has a market capitalization of $65.39 billion, a P/E ratio of 26.63, a P/E/G ratio of 1.71 and a beta of 1.79. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,143.69. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The firm has a fifty day moving average price of $1,041.31 and a 200-day moving average price of $910.42.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS 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 company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the business earned $8.86 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that United Rentals, Inc. will post 46.77 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is currently 20.10%.

Insider Activity at United Rentals

In other news, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the sale, the vice president directly owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This represents a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by insiders.

United Rentals Profile

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.