LRT Capital Management LLC Sells 83 Shares of United Rentals, Inc. (NYSE:URI)

LRT Capital Management LLC lowered its stake in United Rentals, Inc. (NYSE:URI) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,282 shares of the construction company’s stock after selling 83 shares during the period. LRT Capital Management LLC’s holdings in United Rentals were worth $903,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital World Investors boosted its stake in shares of United Rentals by 17.1% during the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock valued at $1,564,722,000 after purchasing an additional 323,636 shares in the last quarter. Geode Capital Management LLC lifted its holdings in United Rentals by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company’s stock worth $1,115,142,000 after buying an additional 20,401 shares during the period. Alliancebernstein L.P. boosted its position in United Rentals by 16.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company’s stock valued at $880,778,000 after acquiring an additional 172,340 shares in the last quarter. Franklin Resources Inc. boosted its position in United Rentals by 9.8% during the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company’s stock valued at $770,199,000 after acquiring an additional 97,336 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of United Rentals by 41.0% during the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock worth $740,624,000 after acquiring an additional 305,491 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of United Rentals stock opened at $672.53 on Monday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The firm’s 50-day moving average is $616.74 and its 200 day moving average is $712.90. The stock has a market cap of $43.71 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the firm posted $9.15 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.06%. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on URI. Robert W. Baird lifted their price target on United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Bank of America lowered their price objective on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup decreased their price target on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group lowered shares of United Rentals from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $725.69.

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.