Insider Selling: United Rentals, Inc. (NYSE:URI) SVP Sells 900 Shares of Stock

United Rentals, Inc. (NYSE:URI) SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

United Rentals Stock Performance

Shares of NYSE URI opened at $811.88 on Thursday. The company has a market capitalization of $53.28 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.87 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The company’s fifty day moving average price is $778.44 and its 200 day moving average price is $711.09. United Rentals, Inc. has a 1 year low of $395.44 and a 1 year high of $861.74.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the company earned $11.73 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that United Rentals, Inc. will post 44.31 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in URI. Crewe Advisors LLC purchased a new stake in United Rentals in the 1st quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals during the 3rd quarter worth about $31,000. RFP Financial Group LLC raised its position in shares of United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its stake in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after buying an additional 20 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in United Rentals in the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on URI shares. Evercore ISI lifted their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Robert W. Baird lifted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Truist Financial upped their target price on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $742.50.

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.