United Rentals, Inc. (NYSE:URI) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,743 shares of the construction company’s stock after selling 40 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in United Rentals were worth $1,228,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of URI. Investor s Fiduciary Advisor Network LLC acquired a new position in United Rentals in the 4th quarter worth approximately $203,000. Janus Henderson Group PLC boosted its stake in United Rentals by 19.1% in the 4th quarter. Janus Henderson Group PLC now owns 10,669 shares of the construction company’s stock worth $7,512,000 after purchasing an additional 1,713 shares during the period. Focus Partners Wealth boosted its position in United Rentals by 2.6% during the 4th quarter. Focus Partners Wealth now owns 44,207 shares of the construction company’s stock worth $31,214,000 after acquiring an additional 1,126 shares during the period. Eisler Capital Management Ltd. acquired a new stake in United Rentals during the 4th quarter worth about $10,452,000. Finally, Ethic Inc. boosted its position in United Rentals by 8.3% during the 4th quarter. Ethic Inc. now owns 6,242 shares of the construction company’s stock worth $4,397,000 after acquiring an additional 476 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 1.9%

Shares of United Rentals stock opened at $725.71 on Wednesday. The stock has a 50-day simple moving average of $620.30 and a 200-day simple moving average of $712.30. 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, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The firm has a market cap of $47.17 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 1.43 and a beta of 1.70.

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

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, May 14th. United Rentals’s payout ratio is 18.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial raised their price objective on United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. Bank of America decreased 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. Cfra Research upgraded United Rentals to a “strong-buy” rating in a research report on Friday, April 25th. Robert W. Baird raised their price objective on United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $725.69.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,908 shares of company stock valued at $1,890,567. Corporate insiders own 0.53% of the company’s stock.

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.