United Rentals, Inc. (NYSE:URI) VP Sells $499,748.88 in Stock

United Rentals, Inc. (NYSE:URI) VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now owns 1,921 shares of the company’s stock, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

United Rentals Trading Down 1.4%

Shares of URI stock opened at $712.18 on Thursday. The firm has a fifty day moving average of $621.98 and a 200-day moving average of $712.30. The stock has a market cap of $46.29 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.15 EPS. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. United Rentals’s dividend payout ratio (DPR) is currently 18.54%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on URI. JPMorgan Chase & Co. dropped their price target on United Rentals from $1,000.00 to $750.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Robert W. Baird increased their target price on United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Morgan Stanley upgraded shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. Finally, Citigroup cut their price objective on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $725.69.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in United Rentals in the fourth quarter valued at about $695,716,000. GAMMA Investing LLC grew its position in shares of United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company’s stock worth $556,138,000 after buying an additional 886,266 shares during the period. Nuveen LLC acquired a new position in shares of United Rentals during the 1st quarter worth about $402,291,000. JPMorgan Chase & Co. increased its stake in shares of United Rentals by 98.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after acquiring an additional 541,579 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at approximately $330,989,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Company Profile

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.