Sigma Planning Corp Has $393,000 Stock Position in United Rentals, Inc. (NYSE:URI)

Sigma Planning Corp lowered its stake in United Rentals, Inc. (NYSE:URI) by 69.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685 shares of the construction company’s stock after selling 1,561 shares during the period. Sigma Planning Corp’s holdings in United Rentals were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in United Rentals by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,879 shares of the construction company’s stock valued at $3,945,000 after buying an additional 57 shares in the last quarter. Signaturefd LLC boosted its position in United Rentals by 2.1% in the fourth quarter. Signaturefd LLC now owns 1,485 shares of the construction company’s stock valued at $852,000 after buying an additional 30 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in United Rentals in the fourth quarter valued at approximately $257,000. abrdn plc boosted its position in United Rentals by 57.1% in the fourth quarter. abrdn plc now owns 32,578 shares of the construction company’s stock valued at $18,681,000 after buying an additional 11,840 shares in the last quarter. Finally, CNB Bank lifted its holdings in shares of United Rentals by 99.2% during the fourth quarter. CNB Bank now owns 520 shares of the construction company’s stock worth $298,000 after purchasing an additional 259 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 0.0 %

URI opened at $690.77 on Friday. United Rentals, Inc. has a 1-year low of $325.15 and a 1-year high of $732.37. The company has a current ratio of 0.89, a quick ratio of 0.75 and a debt-to-equity ratio of 1.39. The company has a market cap of $46.00 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.84. The company has a fifty day moving average price of $681.18 and a two-hundred day moving average price of $578.63.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm posted $7.95 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Analysts predict that United Rentals, Inc. will post 43.13 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals’s payout ratio is presently 17.66%.

United Rentals announced that its board has approved a stock repurchase program on Wednesday, January 24th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

URI has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company lifted their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Robert W. Baird lifted their price target on shares of United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a report on Friday, January 26th. BNP Paribas reiterated an “underperform” rating and set a $485.00 price target on shares of United Rentals in a report on Friday, January 5th. Finally, Evercore ISI lifted their target price on shares of United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus target price of $600.57.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 775 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

About United Rentals

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.