United Rentals, Inc. (NYSE:URI) Shares Sold by ASB Consultores LLC

ASB Consultores LLC trimmed its position in United Rentals, Inc. (NYSE:URI) by 49.5% during the second quarter, HoldingsChannel.com reports. The firm owned 400 shares of the construction company’s stock after selling 392 shares during the quarter. ASB Consultores LLC’s holdings in United Rentals were worth $259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of URI. Essex Financial Services Inc. lifted its position in United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after buying an additional 136 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in United Rentals during the 4th quarter worth $780,000. Forsta AP Fonden boosted its position in United Rentals by 2.8% during the 1st quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock worth $10,528,000 after purchasing an additional 400 shares during the period. Tidal Investments LLC increased its holdings in United Rentals by 241.2% in the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock valued at $3,504,000 after purchasing an additional 3,435 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in United Rentals in the fourth quarter valued at about $779,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Truist Financial increased their price objective on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup began coverage on shares of United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Raymond James assumed coverage on shares of United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. Finally, The Goldman Sachs Group lifted their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $675.15.

Insiders Place Their Bets

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

United Rentals Stock Performance

Shares of United Rentals stock opened at $783.60 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $801.39. The firm’s 50-day simple moving average is $720.19 and its 200-day simple moving average is $686.67. The firm has a market cap of $52.18 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.72 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm posted $9.88 earnings per share. United Rentals’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts forecast that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

United Rentals Profile

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.