Snowden Capital Advisors LLC Sells 5,901 Shares of United Rentals, Inc. (NYSE:URI)

Snowden Capital Advisors LLC lowered its position in United Rentals, Inc. (NYSE:URI) by 58.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,241 shares of the construction company’s stock after selling 5,901 shares during the period. Snowden Capital Advisors LLC’s holdings in United Rentals were worth $2,987,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new position in United Rentals in the fourth quarter worth $25,000. Murphy & Mullick Capital Management Corp bought a new position in United Rentals in the fourth quarter worth $27,000. Meeder Asset Management Inc. boosted its stake in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after acquiring an additional 29 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in United Rentals during the fourth quarter worth about $33,000. Finally, Kestra Investment Management LLC bought a new stake in United Rentals during the fourth quarter worth about $34,000. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on URI shares. Citigroup dropped 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 note on Tuesday, April 8th. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and dropped their price objective for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Truist Financial raised their price target on United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a report on Friday, April 25th. Morgan Stanley upgraded United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target for the company in a report on Wednesday, April 16th. Finally, Robert W. Baird raised their price target on United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $748.38.

United Rentals Trading Up 1.9%

United Rentals stock opened at $726.59 on Friday. The business’s fifty day moving average is $626.76 and its 200 day moving average is $710.94. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The stock has a market capitalization of $47.23 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

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

United Rentals Announces Dividend

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 $1.79 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.99%. United Rentals’s dividend payout ratio is presently 18.54%.

Insider Transactions at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now directly owns 1,921 shares of the company’s stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,908 shares of company stock worth $1,890,567 over the last three months. 0.53% of the stock is currently owned by company insiders.

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.