Andrew Limoges Sells 548 Shares of United Rentals (NYSE:URI) Stock

United Rentals, Inc. (NYSE:URIGet Free Report) VP Andrew Limoges sold 548 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

United Rentals Stock Down 1.2%

NYSE URI traded down $11.66 on Friday, reaching $975.12. The company had a trading volume of 1,043,610 shares, compared to its average volume of 668,154. The firm has a market capitalization of $61.33 billion, a PE ratio of 24.88, a P/E/G ratio of 1.30 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $611.93 and a 1 year high of $1,021.47. The firm has a 50-day moving average of $793.30 and a 200-day moving average of $842.73. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88.

United Rentals (NYSE:URIGet Free Report) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.53%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $8.86 earnings per share. On average, equities research analysts anticipate that United Rentals, Inc. will post 46.6 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, May 13th. United Rentals’s dividend payout ratio is 20.37%.

United Rentals declared that its board has approved a stock buyback plan on Wednesday, January 28th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On United Rentals

Several large investors have recently added to or reduced their stakes in the stock. Gleason Group Inc. increased its position in United Rentals by 4.3% in the fourth quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after buying an additional 11 shares during the period. Bridgewater Advisors Inc. increased its position in United Rentals by 1.2% in the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock worth $783,000 after buying an additional 11 shares during the period. Great Valley Advisor Group Inc. increased its position in United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after buying an additional 11 shares during the period. Opal Wealth Advisors LLC increased its position in United Rentals by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 450 shares of the construction company’s stock worth $430,000 after buying an additional 12 shares during the period. Finally, Howard Capital Management Inc. increased its position in United Rentals by 3.1% in the third quarter. Howard Capital Management Inc. now owns 395 shares of the construction company’s stock worth $377,000 after buying an additional 12 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting United Rentals

Here are the key news stories impacting United Rentals this week:

Analysts Set New Price Targets

Several equities analysts have recently commented on URI shares. Robert W. Baird increased their target price on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank Of Canada increased their target price on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price for the company in a research note on Sunday, January 4th. JPMorgan Chase & Co. increased their target price on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Wells Fargo & Company upped their price target on United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $979.59.

View Our Latest Analysis on United Rentals

United Rentals Company Profile

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United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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