Glassy Mountain Advisors Inc. Has $13.61 Million Stock Position in United Rentals, Inc. $URI

Glassy Mountain Advisors Inc. trimmed its stake in United Rentals, Inc. (NYSE:URI) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,814 shares of the construction company’s stock after selling 726 shares during the quarter. United Rentals accounts for 4.1% of Glassy Mountain Advisors Inc.’s portfolio, making the stock its 6th biggest holding. Glassy Mountain Advisors Inc.’s holdings in United Rentals were worth $13,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Woodline Partners LP increased its position in United Rentals by 40.0% during the first quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock valued at $3,458,000 after acquiring an additional 1,577 shares during the last quarter. Sei Investments Co. grew its holdings in United Rentals by 24.7% during the second quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock valued at $20,444,000 after purchasing an additional 5,375 shares during the period. Treasurer of the State of North Carolina grew its holdings in United Rentals by 43.6% during the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock valued at $42,233,000 after purchasing an additional 17,030 shares during the period. HUB Investment Partners LLC grew its holdings in United Rentals by 11.3% during the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock valued at $1,661,000 after purchasing an additional 223 shares during the period. Finally, Diversify Advisory Services LLC grew its holdings in United Rentals by 338.7% during the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 1,277 shares during the period. 96.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Joli L. Gross sold 306 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This represents a 22.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird boosted their price target on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price target on United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. UBS Group boosted their price target on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup boosted their price target on United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada boosted their price target on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,013.63.

United Rentals Stock Performance

NYSE:URI opened at $1,060.93 on Thursday. 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 12-month low of $682.08 and a 12-month high of $1,067.88. The stock has a 50-day moving average price of $872.71 and a 200 day moving average price of $849.10. The stock has a market capitalization of $66.47 billion, a P/E ratio of 27.06, a P/E/G ratio of 1.58 and a beta of 1.81.

United Rentals (NYSE:URI) last released its 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 return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the business posted $8.86 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

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.