Midwest Trust Co lowered its stake in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 4.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,709 shares of the construction company’s stock after selling 515 shares during the period. Midwest Trust Co’s holdings in United Rentals were worth $8,531,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. Woodline Partners LP boosted its holdings in United Rentals by 40.0% during the first quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock valued at $3,458,000 after purchasing an additional 1,577 shares in the last quarter. Sei Investments Co. grew its holdings in shares of United Rentals by 24.7% during the second quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after purchasing an additional 5,375 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in United Rentals by 43.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock worth $42,233,000 after acquiring an additional 17,030 shares during the last quarter. HUB Investment Partners LLC grew its stake in shares of United Rentals by 11.3% during the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock valued at $1,661,000 after purchasing an additional 223 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its stake in shares of United Rentals by 338.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock valued at $1,246,000 after buying an additional 1,277 shares during the period. 96.26% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Raymond James Financial reiterated an “outperform” rating and set a $1,275.00 price target on shares of United Rentals in a research report on Wednesday, June 10th. Evercore restated an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. Barclays raised their price objective on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Weiss Ratings lowered United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Citigroup boosted their price target on shares of United Rentals from $1,130.00 to $1,210.00 and gave the stock a “buy” rating in a research report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,124.69.
United Rentals Stock Performance
Shares of URI stock opened at $1,096.69 on Monday. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,143.69. The company has a market capitalization of $68.70 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.75 and a beta of 1.79. The company has a 50-day simple moving average of $1,029.74 and a 200 day simple moving average of $902.60. 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 (NYSE:URI – Get Free Report) last posted 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). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the company posted $8.86 EPS. United Rentals’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, sell-side analysts predict that United Rentals, Inc. will post 46.7 earnings per share for the current year.
United Rentals Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is presently 20.10%.
Insider Buying and Selling
In other United Rentals news, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the transaction, the executive vice president directly owned 14,774 shares in the company, valued at $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by corporate insiders.
United Rentals Profile
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.
Read More
- Five stocks we like better than United Rentals
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI – Free Report).
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.
