United Rentals, Inc. $URI Holdings Trimmed by Gradient Investments LLC

Gradient Investments LLC lowered its holdings in United Rentals, Inc. (NYSE:URI) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,420 shares of the construction company’s stock after selling 1,589 shares during the period. Gradient Investments LLC owned about 0.06% of United Rentals worth $31,904,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in URI. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals during the 4th quarter valued at $27,000. Loomis Sayles & Co. L P acquired a new position in shares of United Rentals in the 2nd quarter worth $28,000. Salomon & Ludwin LLC raised its position in shares of United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of United Rentals during the third quarter worth $29,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of United Rentals during the third quarter valued at $32,000. 96.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on URI. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, January 21st. KeyCorp set a $950.00 target price on shares of United Rentals in a research report on Friday, January 30th. Truist Financial set a $972.00 price target on shares of United Rentals in a report on Friday, January 30th. Wells Fargo & Company upped their price target on shares of United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Finally, Citigroup lowered their price objective on shares of United Rentals from $1,090.00 to $950.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $925.59.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,498 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total value of $1,184,753.22. Following the transaction, the executive vice president directly owned 6,872 shares of the company’s stock, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael D. Durand sold 2,490 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the completion of the transaction, the executive vice president directly owned 7,458 shares in the company, valued at $5,900,322.12. This trade represents a 25.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.51% of the company’s stock.

United Rentals Price Performance

Shares of URI opened at $710.36 on Monday. The business’s 50-day moving average is $850.16 and its 200-day moving average is $872.52. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88. The company has a market capitalization of $44.75 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.15 and a beta of 1.66. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing the consensus estimate of $11.86 by ($0.77). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the business posted $11.59 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were paid a dividend of $1.97 per share. This is an increase from United Rentals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 1.1%. United Rentals’s dividend payout ratio (DPR) is 20.37%.

United Rentals announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the construction company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.