United Rentals, Inc. $URI Stock Position Reduced by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its stake in United Rentals, Inc. (NYSE:URI) by 12.7% in the first quarter, Holdings Channel reports. The institutional investor owned 20,954 shares of the construction company’s stock after selling 3,040 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in United Rentals were worth $15,266,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of URI. Norges Bank acquired a new position in shares of United Rentals in the fourth quarter worth $978,017,000. Capital International Investors grew its stake in United Rentals by 22.8% in the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after purchasing an additional 631,484 shares in the last quarter. Corient Private Wealth LLC increased its position in United Rentals by 1,667.4% in the 4th quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock worth $278,378,000 after purchasing an additional 324,503 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in United Rentals by 3,459.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock worth $159,184,000 after purchasing an additional 191,162 shares during the last quarter. Finally, Capital World Investors raised its stake in shares of United Rentals by 6.7% during the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock worth $2,557,158,000 after purchasing an additional 168,685 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Down 1.4%

URI stock opened at $1,123.06 on Friday. The stock has a market capitalization of $70.36 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.81. The company has a 50-day moving average of $986.77 and a two-hundred day moving average of $881.63. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,143.69. 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 (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share 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 $3.98 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the firm posted $8.86 EPS. United Rentals’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. KeyCorp increased their price objective on United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays lifted their target price on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. Evercore restated an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a research note on Monday, May 11th. Truist Financial set a $1,209.00 price target on shares of United Rentals in a report on Friday, April 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a report on Friday, April 24th. Fourteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,070.50.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. This represents a 18.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

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.