United Rentals, Inc. $URI Shares Sold by Kera Capital Partners Inc.

Kera Capital Partners Inc. cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 87.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 558 shares of the construction company’s stock after selling 3,867 shares during the quarter. Kera Capital Partners Inc.’s holdings in United Rentals were worth $436,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of URI. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals during the fourth quarter worth $27,000. Core Wealth Advisors LLC acquired a new position in shares of United Rentals in the 4th quarter valued at $28,000. MV Capital Management Inc. acquired a new position in shares of United Rentals in the 4th quarter valued at $28,000. Board of the Pension Protection Fund acquired a new position in shares of United Rentals in the 4th quarter valued at $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in United Rentals in the 4th quarter worth about $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

United Rentals stock opened at $1,077.68 on Friday. United Rentals, Inc. has a 12-month low of $693.78 and a 12-month high of $1,106.88. The stock has a market capitalization of $67.52 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.70 and a beta of 1.81. 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 stock has a 50-day simple moving average of $953.75 and a 200 day simple moving average of $871.26.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (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 for the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the company earned $8.86 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. On average, research analysts anticipate that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $1.97 dividend. 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%.

Insider Buying and Selling at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. The trade was a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,088 shares of company stock valued at $25,628,877 in the last three months. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. Barclays upped their price target on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Robert W. Baird raised their price target on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Citigroup boosted their target price on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. UBS Group boosted their target price on shares of United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings raised United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,045.81.

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.