Brown Advisory Inc. Sells 42,091 Shares of United Rentals, Inc. (NYSE:URI)

Brown Advisory Inc. reduced its stake in shares of United Rentals, Inc. (NYSE:URIFree Report) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 340,188 shares of the construction company’s stock after selling 42,091 shares during the quarter. Brown Advisory Inc.’s holdings in United Rentals were worth $195,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in United Rentals by 58,829.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after buying an additional 1,041,281 shares during the period. Deutsche Bank AG boosted its stake in shares of United Rentals by 88.1% during the 3rd quarter. Deutsche Bank AG now owns 362,151 shares of the construction company’s stock worth $161,001,000 after purchasing an additional 169,586 shares during the period. Invesco Ltd. grew its holdings in United Rentals by 19.1% during the 3rd quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after purchasing an additional 149,838 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in United Rentals in the 3rd quarter worth about $40,634,000. Finally, The Manufacturers Life Insurance Company lifted its stake in United Rentals by 12.7% in the third quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company’s stock worth $284,061,000 after purchasing an additional 72,066 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on URI. Evercore ISI upped their target price on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group lifted their target price on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Company upped their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Robert W. Baird lifted their price objective on shares of United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a report on Friday, January 26th. Finally, Barclays upped their target price on shares of United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and an average target price of $600.79.

Read Our Latest Stock Analysis on United Rentals

United Rentals Stock Up 0.7 %

United Rentals stock traded up $4.65 during mid-day trading on Friday, reaching $685.79. 362,951 shares of the company were exchanged, compared to its average volume of 544,109. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The firm has a market cap of $45.67 billion, a P/E ratio of 18.58, a PEG ratio of 2.23 and a beta of 1.82. The business has a fifty day moving average of $684.22 and a 200 day moving average of $607.18. United Rentals, Inc. has a 12-month low of $330.30 and a 12-month high of $732.37.

United Rentals (NYSE:URIGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business posted $7.95 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts anticipate that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals’s payout ratio is currently 17.66%.

United Rentals declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other United Rentals news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

United Rentals Profile

(Free Report)

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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