Cadent Capital Advisors LLC Has $650,000 Stock Holdings in United Rentals, Inc. (NYSE:URI)

Cadent Capital Advisors LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 18.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,037 shares of the construction company’s stock after selling 235 shares during the quarter. Cadent Capital Advisors LLC’s holdings in United Rentals were worth $650,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of URI. Rialto Wealth Management LLC bought a new position in shares of United Rentals during the fourth quarter worth $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals during the 4th quarter worth $27,000. Meeder Asset Management Inc. raised its stake in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after buying an additional 29 shares during the period. Kestra Investment Management LLC bought a new position in United Rentals during the fourth quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new position in United Rentals in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 1,921 shares of the company’s stock, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $920.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and dropped their target price for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Bank of America reduced their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a report on Friday, March 21st. Robert W. Baird increased their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $753.64.

United Rentals Price Performance

Shares of NYSE URI opened at $695.30 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The business has a 50-day moving average of $667.38 and a 200-day moving average of $689.05. The stock has a market capitalization of $45.19 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.68 and a beta of 1.70. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company posted $9.15 earnings per share. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.03%. United Rentals’s payout ratio is 18.54%.

United Rentals Company 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.