Capital Research Global Investors Sells 818,118 Shares of United Rentals, Inc. $URI

Capital Research Global Investors lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 27.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,137,843 shares of the construction company’s stock after selling 818,118 shares during the period. Capital Research Global Investors’ holdings in United Rentals were worth $1,730,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in URI. Woodline Partners LP raised its stake in shares of United Rentals by 40.0% during the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after purchasing an additional 1,577 shares in the last quarter. Sei Investments Co. raised its stake in shares of United Rentals by 24.7% during the 2nd quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after purchasing an additional 5,375 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of United Rentals by 43.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock worth $42,233,000 after purchasing an additional 17,030 shares in the last quarter. HUB Investment Partners LLC raised its stake in shares of United Rentals by 11.3% during the 2nd quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock worth $1,661,000 after purchasing an additional 223 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its stake in shares of United Rentals by 338.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 1,277 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on URI shares. Robert W. Baird upped their price objective on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 price target on shares of United Rentals in a research note on Friday, April 24th. Royal Bank Of Canada increased their price target on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Sanford C. Bernstein set a $903.00 price target on United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. Finally, KeyCorp increased their price target on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Twelve equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.63.

Insider Transactions at United Rentals

In other news, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the 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 sale, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 26,088 shares of company stock valued at $25,628,877. Corporate insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

Shares of NYSE URI opened at $1,067.62 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The stock’s fifty day moving average price is $885.82 and its two-hundred day moving average price is $852.39. United Rentals, Inc. has a one year low of $682.08 and a one year high of $1,091.23. The firm has a market cap of $66.89 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.70 and a beta of 1.81.

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). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the company earned $8.86 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a 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%.

United Rentals Company 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.