Equitable Trust Co. Reduces Holdings in United Rentals, Inc. $URI

Equitable Trust Co. reduced its position in United Rentals, Inc. (NYSE:URI) by 26.6% in the 1st quarter, Holdings Channel reports. The firm owned 4,727 shares of the construction company’s stock after selling 1,709 shares during the quarter. Equitable Trust Co.’s holdings in United Rentals were worth $3,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $27,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals in the fourth quarter worth about $28,000. MV Capital Management Inc. acquired a new position in United Rentals during the fourth quarter worth about $28,000. Board of the Pension Protection Fund acquired a new position in United Rentals during the fourth quarter worth about $32,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in United Rentals during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals 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 completion of the sale, the executive vice president owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by insiders.

United Rentals Stock Up 1.6%

Shares of NYSE:URI opened at $1,088.62 on Friday. The business has a 50-day moving average price of $1,026.85 and a 200 day moving average price of $900.63. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $68.20 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.71 and a beta of 1.79. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,143.69.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $8.86 EPS. Sell-side analysts expect that United Rentals, Inc. will post 46.76 EPS for the current year.

United Rentals Announces Dividend

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

Analyst Ratings Changes

URI has been the subject of a number of recent research reports. Robert W. Baird increased their price objective 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. Raymond James Financial restated an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. Evercore restated an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a research report on Monday, May 11th. KeyCorp increased their price target on United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $1,124.69.

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.