Midwest Trust Co Lowers Stock Holdings in United Rentals, Inc. $URI

Midwest Trust Co lowered its holdings in United Rentals, Inc. (NYSE:URI) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,709 shares of the construction company’s stock after selling 515 shares during the period. Midwest Trust Co’s holdings in United Rentals were worth $8,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of URI. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals during the 4th quarter worth $27,000. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at about $28,000. MV Capital Management Inc. purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $28,000. Board of the Pension Protection Fund purchased a new stake in United Rentals during the 4th quarter worth $32,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of United Rentals in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer directly owned 99,980 shares in the company, valued at $98,478,300.40. This trade represents a 18.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 26,088 shares of company stock worth $25,628,877. Corporate insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

Shares of URI stock opened at $1,096.69 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,143.69. The stock’s fifty day simple moving average is $1,029.74 and its 200-day simple moving average is $902.60. The company has a market capitalization of $68.70 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 1.75 and a beta of 1.79.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (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 analysts’ expectations of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.United Rentals’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $8.86 earnings per share. On average, sell-side analysts predict that United Rentals, Inc. will post 46.7 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on URI shares. Robert W. Baird upped 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. Weiss Ratings downgraded United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. BNP Paribas Exane raised shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price for the company in a research note on Monday, June 29th. Truist Financial boosted their price target on United Rentals from $1,209.00 to $1,421.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, United Rentals currently 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.