Capital Research Global Investors lowered its stake in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 27.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,137,843 shares of the construction company’s stock after selling 818,118 shares during the period. Capital Research Global Investors owned approximately 3.39% of United Rentals worth $1,730,246,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gleason Group Inc. boosted its holdings in United Rentals by 4.3% during 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 last quarter. Bridgewater Advisors Inc. boosted its holdings in United Rentals by 1.2% during 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 last quarter. Great Valley Advisor Group Inc. boosted its holdings in United Rentals by 2.9% during 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 last quarter. Fearless Solutions LLC dba Best Invest lifted its holdings in shares of United Rentals by 2.2% during the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock valued at $448,000 after purchasing an additional 12 shares in the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in shares of United Rentals by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock valued at $260,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.
Insider Transactions at United Rentals
In other United Rentals news, VP Andrew B. Limoges sold 548 shares of the business’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 sale, the vice president owned 1,865 shares in the company, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on United Rentals
United Rentals Trading Down 1.6%
NYSE URI opened at $1,067.62 on Friday. The stock has a market capitalization of $66.89 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.70 and a beta of 1.81. The stock’s 50 day moving average price is $885.82 and its two-hundred day moving average price is $852.39. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. United Rentals, Inc. has a 52 week low of $682.08 and a 52 week high of $1,091.23.
United Rentals (NYSE:URI – Get 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 firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.86 EPS. As a group, analysts anticipate that United Rentals, Inc. will post 47.07 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 27th. Shareholders of record on Wednesday, May 13th were paid a $1.97 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s payout ratio is presently 20.10%.
About United Rentals
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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