United Rentals, Inc. $URI Shares Sold by RFG Advisory LLC

RFG Advisory LLC trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 33.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,472 shares of the construction company’s stock after selling 733 shares during the quarter. RFG Advisory LLC’s holdings in United Rentals were worth $1,667,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SFE Investment Counsel acquired a new stake in United Rentals during the 2nd quarter valued at $12,765,000. Eventide Asset Management LLC raised its holdings in shares of United Rentals by 19.6% in the fourth quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company’s stock worth $77,666,000 after acquiring an additional 15,696 shares during the last quarter. Bridges Investment Management Inc. lifted its position in shares of United Rentals by 2.0% in the fourth quarter. Bridges Investment Management Inc. now owns 69,583 shares of the construction company’s stock valued at $56,315,000 after acquiring an additional 1,354 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of United Rentals by 995.1% in the fourth quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock valued at $11,016,000 after acquiring an additional 12,369 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of United Rentals by 9.7% during the first quarter. Geneos Wealth Management Inc. now owns 10,782 shares of the construction company’s stock valued at $7,855,000 after acquiring an additional 950 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays boosted their target price on shares of United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. Truist Financial raised their price target on shares of United Rentals from $1,421.00 to $1,466.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Wall Street Zen downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Saturday. KeyCorp reissued an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a research report on Friday, July 24th. Finally, Robert W. Baird set a $1,300.00 price objective on shares of United Rentals in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $1,230.88.

United Rentals Stock Down 0.2%

Shares of NYSE:URI opened at $986.88 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The firm has a market cap of $61.43 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.46 and a beta of 1.79. The stock’s 50-day moving average price is $1,076.70 and its two-hundred day moving average price is $966.06. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,179.18.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $12.76 EPS for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.47 EPS. On average, research analysts forecast that United Rentals, Inc. will post 48.59 EPS for the current year.

United Rentals Announces Dividend

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

Insider Buying and Selling

In other United Rentals news, EVP William Grace sold 1,500 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, commercial, government and residential customers. The company provides access to a broad range of equipment without requiring customers to purchase and maintain their own fleets.

Its rental offerings include aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control equipment, pumps, tools, trench-safety products and traffic-control equipment.