United Rentals, Inc. $URI Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in United Rentals, Inc. (NYSE:URI) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,097 shares of the construction company’s stock after selling 746 shares during the period. HighTower Advisors LLC owned about 0.08% of United Rentals worth $55,621,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter worth approximately $28,000. MV Capital Management Inc. purchased a new stake in shares of United Rentals during the fourth quarter worth approximately $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in United Rentals in the 2nd quarter valued at $29,000. MidFirst Bank acquired a new position in United Rentals in the 2nd quarter valued at $31,000. Finally, Hilton Head Capital Partners LLC purchased a new position in United Rentals in the 4th quarter valued at $34,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Price Performance

Shares of URI stock opened at $1,009.78 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The firm’s 50-day moving average is $1,085.18 and its two-hundred day moving average is $963.37. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18. The company has a market capitalization of $62.85 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.79.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.47 EPS. Analysts predict that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, August 12th. United Rentals’s dividend payout ratio is presently 18.92%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on URI. Truist Financial upped their target price on shares of United Rentals from $1,421.00 to $1,466.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Wells Fargo & Company raised their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Citigroup boosted their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,275.00 price objective on shares of United Rentals in a research note on Wednesday, June 10th. Finally, UBS Group increased their price objective on shares of United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average target price of $1,246.19.

Insiders Place Their Bets

In other United Rentals news, EVP William Grace sold 1,500 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.47% of the company’s stock.

United Rentals Company 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.