United Rentals (NYSE:URI) EVP William Grace Sells 1,500 Shares of Stock

United Rentals, Inc. (NYSE:URI) EVP William Grace sold 1,500 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the transaction, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

United Rentals Stock Down 0.2%

URI traded down $2.73 on Tuesday, reaching $1,125.18. The company’s stock had a trading volume of 98,371 shares, compared to its average volume of 596,781. The company has a market capitalization of $70.03 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.51 and a beta of 1.79. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,177.67. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average of $1,056.51 and a two-hundred day moving average of $920.95.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the firm earned $10.47 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. As a group, analysts forecast that United Rentals, Inc. will post 47.32 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be given a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is 18.92%.

Institutional Trading of United Rentals

Hedge funds have recently modified their holdings of the business. Capital World Investors boosted its stake in shares of United Rentals by 1.1% in the fourth quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock valued at $2,192,357,000 after buying an additional 30,263 shares in the last quarter. Franklin Resources Inc. raised its position in United Rentals by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock worth $1,087,711,000 after acquiring an additional 28,895 shares in the last quarter. Norges Bank acquired a new stake in United Rentals in the fourth quarter valued at $978,017,000. Bank of America Corp DE lifted its holdings in United Rentals by 14.7% in the first quarter. Bank of America Corp DE now owns 806,380 shares of the construction company’s stock valued at $587,496,000 after acquiring an additional 103,371 shares during the period. Finally, Boston Partners boosted its position in shares of United Rentals by 4.0% during the 4th quarter. Boston Partners now owns 774,347 shares of the construction company’s stock worth $631,459,000 after purchasing an additional 29,675 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on URI. Robert W. Baird set a $1,300.00 target price on United Rentals in a report on Friday. Barclays increased their price objective on United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a report on Friday. Truist Financial upped their price target on shares of United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a research report on Friday. Evercore reissued an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. Finally, KeyCorp restated an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a research note on Friday. Fifteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,226.50.

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.