Ballentine Partners LLC Has $648,000 Holdings in United Rentals, Inc. (NYSE:URI)

Ballentine Partners LLC trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,002 shares of the construction company’s stock after selling 43 shares during the period. Ballentine Partners LLC’s holdings in United Rentals were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Essex Financial Services Inc. grew its position in shares of United Rentals by 31.9% in the 2nd quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after purchasing an additional 136 shares during the period. Nomura Holdings Inc. acquired a new position in shares of United Rentals in the fourth quarter valued at approximately $780,000. Forsta AP Fonden increased its position in shares of United Rentals by 2.8% during the first quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock worth $10,528,000 after acquiring an additional 400 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of United Rentals by 241.2% during the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after acquiring an additional 3,435 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in United Rentals in the 4th quarter valued at $779,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

NYSE:URI opened at $695.94 on Tuesday. The company has a market cap of $46.34 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.57 and a beta of 1.68. The firm’s fifty day moving average price is $704.82 and its two-hundred day moving average price is $683.34. United Rentals, Inc. has a one year low of $387.01 and a one year high of $789.80. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. United Rentals’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.88 EPS. Equities analysts expect that United Rentals, Inc. will post 44.5 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.94%. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on URI. Evercore ISI increased their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Raymond James assumed coverage on shares of United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. Truist Financial lifted their target price on United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup initiated coverage on United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price target for the company. Finally, The Goldman Sachs Group raised their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $675.15.

About United Rentals

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.