United Rentals, Inc. $URI Shares Sold by Mariner LLC

Mariner LLC trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 78,139 shares of the construction company’s stock after selling 3,328 shares during the period. Mariner LLC’s holdings in United Rentals were worth $63,239,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in shares of United Rentals in the 3rd quarter valued at approximately $29,000. Aventura Private Wealth LLC bought a new stake in shares of United Rentals in the 4th quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of United Rentals in the 3rd quarter valued at approximately $35,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of United Rentals in the 4th quarter valued at approximately $32,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction on Friday, April 24th. The stock was 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 directly owned 1,865 shares in the company, valued at $1,823,708.90. This represents a 22.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the transaction, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,088 shares of company stock valued at $25,628,877 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on URI shares. KeyCorp boosted their price target on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, April 24th. 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. Raymond James Financial reiterated an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. 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. Finally, Barclays boosted their price target on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Thirteen 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. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $1,045.81.

United Rentals Price Performance

Shares of URI opened at $1,082.43 on Tuesday. The company has a market cap of $67.81 billion, a P/E ratio of 27.61, a PEG ratio of 1.70 and a beta of 1.81. The stock has a fifty day moving average price of $927.44 and a 200 day moving average price of $864.50. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a 12 month low of $682.08 and a 12 month high of $1,106.88.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.United Rentals’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.86 earnings per share. On average, research analysts forecast that United Rentals, Inc. will post 47.26 earnings per share for the current year.

United Rentals Announces Dividend

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

About United Rentals

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.