Brown Advisory Inc. Sells 4,443 Shares of United Rentals, Inc. $URI

Brown Advisory Inc. reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 271,500 shares of the construction company’s stock after selling 4,443 shares during the period. Brown Advisory Inc.’s holdings in United Rentals were worth $219,731,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Beacon Investment Advisory Services Inc. boosted its holdings in shares of United Rentals by 1,358.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after buying an additional 7,663 shares during the period. Nordea Investment Management AB boosted its holdings in shares of United Rentals by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock worth $126,362,000 after buying an additional 28,604 shares during the period. TD Asset Management Inc boosted its holdings in shares of United Rentals by 66.5% during the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock worth $462,485,000 after buying an additional 193,416 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of United Rentals by 18.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock worth $9,514,000 after buying an additional 1,846 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of United Rentals by 1.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock worth $351,128,000 after buying an additional 5,115 shares during the period. 96.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the transaction, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction 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 transaction, 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,088 shares of company stock worth $25,628,877. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on URI. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a report on Friday, April 24th. Citigroup increased their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Barclays increased their price target 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. increased their price target 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. Finally, Raymond James Financial reissued an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,045.81.

United Rentals Price Performance

Shares of United Rentals stock opened at $1,076.03 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a fifty-two week low of $682.08 and a fifty-two week high of $1,106.88. The firm has a fifty day moving average price of $920.44 and a two-hundred day moving average price of $862.24. The company has a market cap of $67.41 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the company earned $8.86 earnings per share. United Rentals’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Dividend Announcement

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

About United Rentals

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.