Prudential PLC Lowers Stock Position in United Rentals, Inc. $URI

Prudential PLC lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,469 shares of the construction company’s stock after selling 1,004 shares during the quarter. Prudential PLC’s holdings in United Rentals were worth $19,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new position in shares of United Rentals in the third quarter valued at approximately $29,000. Aventura Private Wealth LLC purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of United Rentals in the third quarter valued at approximately $35,000. Finally, Board of the Pension Protection Fund purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s 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 sale, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,088 shares of company stock worth $25,628,877 in the last ninety days. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. UBS Group raised their price objective on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup raised their price objective on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Evercore reissued an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a research note on Monday, May 11th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a research note on Friday, April 24th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,013.63.

United Rentals Stock Up 2.6%

Shares of United Rentals stock opened at $1,083.52 on Friday. United Rentals, Inc. has a 52-week low of $682.08 and a 52-week high of $1,091.23. The company has a 50 day moving average of $879.45 and a 200 day moving average of $850.87. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $67.88 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.68 and a beta of 1.81.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the business posted $8.86 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, research analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

United Rentals Company 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.