Phoenix Financial Ltd. Sells 664 Shares of United Rentals, Inc. $URI

Phoenix Financial Ltd. decreased its stake in United Rentals, Inc. (NYSE:URI) by 35.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,204 shares of the construction company’s stock after selling 664 shares during the quarter. Phoenix Financial Ltd.’s holdings in United Rentals were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in URI. Aventura Private Wealth LLC bought a new position in United Rentals in the 4th quarter valued at approximately $27,000. Abich Financial Wealth Management LLC bought a new position in United Rentals in the 3rd quarter valued at approximately $29,000. Board of the Pension Protection Fund bought a new position in United Rentals in the 4th quarter valued at approximately $32,000. Laurel Wealth Advisors LLC bought a new position in United Rentals in the 4th quarter valued at approximately $32,000. Finally, Fortitude Family Office LLC lifted its stake in United Rentals by 121.1% in the 4th quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock valued at $34,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the transaction, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. This represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals Trading Down 1.2%

Shares of NYSE URI opened at $961.22 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. United Rentals, Inc. has a 52-week low of $681.98 and a 52-week high of $1,021.47. The firm has a 50 day moving average price of $818.01 and a two-hundred day moving average price of $839.18. The stock has a market cap of $60.22 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 1.54 and a beta of 1.83.

United Rentals (NYSE:URI) last announced its quarterly 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 net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the company posted $8.86 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals announced that its board has authorized a stock buyback program on Wednesday, January 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, May 13th. United Rentals’s dividend payout ratio is 20.10%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings downgraded shares of United Rentals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. KeyCorp increased their price objective on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Evercore reissued an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a research note on Monday. Wells Fargo & Company increased their price objective on shares of United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a research note on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $996.94.

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.