Kestra Private Wealth Services LLC Sells 41 Shares of United Rentals, Inc. (NYSE:URI)

Kestra Private Wealth Services LLC trimmed its position in United Rentals, Inc. (NYSE:URI) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 945 shares of the construction company’s stock after selling 41 shares during the period. Kestra Private Wealth Services LLC’s holdings in United Rentals were worth $542,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ballentine Partners LLC boosted its position in United Rentals by 2.1% during the 4th quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock worth $510,000 after acquiring an additional 18 shares during the last quarter. DGS Capital Management LLC grew its position in United Rentals by 1.3% in the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after purchasing an additional 18 shares in the last quarter. Oak Ridge Investments LLC lifted its stake in United Rentals by 0.3% in the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock valued at $3,335,000 after purchasing an additional 20 shares during the last quarter. Caprock Group LLC grew its holdings in United Rentals by 2.3% during the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock worth $516,000 after purchasing an additional 20 shares during the period. Finally, AdvisorNet Financial Inc increased its position in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after buying an additional 20 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

Shares of NYSE:URI opened at $666.66 on Monday. United Rentals, Inc. has a 1 year low of $325.15 and a 1 year high of $732.37. The stock has a market capitalization of $44.39 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The company’s 50 day simple moving average is $683.37 and its 200 day simple moving average is $587.50.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $7.95 EPS. As a group, research analysts predict that United Rentals, Inc. will post 43.61 EPS for the current fiscal year.

United Rentals announced that its board has authorized a stock repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.98%. United Rentals’s dividend payout ratio is currently 17.66%.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO William E. Grace sold 775 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the transaction, the chief financial officer now owns 6,323 shares in the company, valued at $4,145,485.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. Insiders sold a total of 9,713 shares of company stock valued at $6,747,384 in the last 90 days. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on URI. Morgan Stanley started coverage on United Rentals in a report on Monday, January 8th. They set an “equal weight” rating and a $500.00 target price on the stock. Robert W. Baird lifted their target price 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. Wells Fargo & Company upped their price target on shares of United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Barclays boosted their price objective on United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Finally, Evercore ISI lifted their price target on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus target price of $600.79.

United Rentals 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.