RFG Advisory LLC Lowers Position in United Rentals, Inc. $URI

RFG Advisory LLC decreased its stake in shares of United Rentals, Inc. (NYSE:URI) by 18.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,205 shares of the construction company’s stock after selling 492 shares during the period. RFG Advisory LLC’s holdings in United Rentals were worth $1,607,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of United Rentals in the 4th quarter worth $978,017,000. Capital International Investors grew its position in United Rentals by 22.8% during the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after acquiring an additional 631,484 shares during the period. Corient Private Wealth LLC increased its stake in United Rentals by 1,667.4% during the fourth quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock worth $278,378,000 after acquiring an additional 324,503 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of United Rentals by 3,459.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock worth $159,184,000 after purchasing an additional 191,162 shares during the period. Finally, Capital World Investors lifted its stake in shares of United Rentals by 6.7% in the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock valued at $2,557,158,000 after purchasing an additional 168,685 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction dated Monday, April 27th. The stock was 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 directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 over the last ninety days. 0.47% of the stock is currently owned by company insiders.

United Rentals Stock Down 1.4%

URI stock opened at $1,123.06 on Friday. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $70.36 billion, a P/E ratio of 28.65, a PEG ratio of 1.77 and a beta of 1.81. The firm has a 50 day simple moving average of $986.77 and a 200-day simple moving average of $881.63.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $8.86 earnings per share. On average, equities research analysts predict that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

Analyst Ratings Changes

A number of research firms recently issued reports on URI. Truist Financial set a $1,209.00 target price on shares of United Rentals in a research report on Friday, April 24th. Barclays boosted their price objective on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. Robert W. Baird raised their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, UBS Group increased their price target on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $1,070.50.

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.