TD Private Client Wealth LLC Sells 17 Shares of United Rentals, Inc. (NYSE:URI)

TD Private Client Wealth LLC trimmed its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,716 shares of the construction company’s stock after selling 17 shares during the quarter. TD Private Client Wealth LLC’s holdings in United Rentals were worth $1,209,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of URI. Prospera Financial Services Inc boosted its position in shares of United Rentals by 20.1% in the third quarter. Prospera Financial Services Inc now owns 933 shares of the construction company’s stock valued at $756,000 after acquiring an additional 156 shares during the period. Avior Wealth Management LLC boosted its position in shares of United Rentals by 24.0% in the third quarter. Avior Wealth Management LLC now owns 217 shares of the construction company’s stock valued at $176,000 after acquiring an additional 42 shares during the period. First Horizon Advisors Inc. boosted its position in shares of United Rentals by 3.5% in the third quarter. First Horizon Advisors Inc. now owns 565 shares of the construction company’s stock valued at $458,000 after acquiring an additional 19 shares during the period. LPL Financial LLC lifted its position in United Rentals by 8.4% during the third quarter. LPL Financial LLC now owns 124,946 shares of the construction company’s stock worth $101,173,000 after purchasing an additional 9,684 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in United Rentals by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 438,427 shares of the construction company’s stock worth $355,007,000 after purchasing an additional 5,325 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on URI shares. Bank of America cut their price objective on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research report on Friday. Citigroup cut their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Truist Financial reaffirmed a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Evercore ISI cut their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, Morgan Stanley cut their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $815.67.

United Rentals Stock Performance

United Rentals stock opened at $628.63 on Friday. The business has a 50 day moving average of $696.39 and a 200-day moving average of $756.77. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $41.05 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 18.48%.

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.