1,539 Shares in United Rentals, Inc. $URI Purchased by Havemeyer Place LP

Havemeyer Place LP acquired a new position in United Rentals, Inc. (NYSE:URI) during the 4th quarter, Holdings Channel reports. The fund acquired 1,539 shares of the construction company’s stock, valued at approximately $1,246,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC purchased a new position in United Rentals in the 4th quarter valued at about $27,000. Core Wealth Advisors LLC purchased a new position in United Rentals in the 4th quarter valued at about $28,000. Abich Financial Wealth Management LLC purchased a new position in United Rentals in the 3rd quarter valued at about $29,000. Board of the Pension Protection Fund purchased a new position in United Rentals in the 4th quarter valued at about $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in United Rentals in the 4th quarter valued at about $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on URI shares. Royal Bank Of Canada upped their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Barclays upped their target price on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, April 24th. UBS Group upped their target price on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird increased their price objective on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $1,013.63.

Insider Buying and Selling at United Rentals

In related news, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This represents a 18.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was 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 approximately $1,823,708.90. This trade represents a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,088 shares of company stock worth $25,628,877 in the last quarter. Company insiders own 0.47% of the company’s stock.

United Rentals Trading Down 0.0%

Shares of URI stock opened at $1,067.62 on Monday. The firm has a market cap of $66.89 billion, a P/E ratio of 27.24, a PEG ratio of 1.70 and a beta of 1.81. United Rentals, Inc. has a 1-year low of $682.08 and a 1-year high of $1,091.23. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The firm’s 50-day simple moving average is $885.82 and its 200-day simple moving average is $852.71.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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). The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.86 earnings per share. As a group, equities analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio is 20.10%.

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.