Capital International Sarl Cuts Stock Position in United Rentals, Inc. $URI

Capital International Sarl reduced its position in United Rentals, Inc. (NYSE:URI) by 23.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,078 shares of the construction company’s stock after selling 2,193 shares during the quarter. Capital International Sarl’s holdings in United Rentals were worth $5,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new stake in United Rentals during the 3rd quarter valued at about $29,000. Aventura Private Wealth LLC purchased a new stake in United Rentals during the 4th quarter valued at about $27,000. Core Wealth Advisors LLC purchased a new stake in United Rentals during the 4th quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in United Rentals during the 3rd quarter valued at about $35,000. Finally, Board of the Pension Protection Fund purchased a new stake in United Rentals during the 4th quarter valued at about $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This represents a 22.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on URI shares. Weiss Ratings upgraded United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Barclays increased their target price on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. Evercore restated an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. Finally, Citigroup increased their target price on United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.63.

United Rentals Trading Down 0.0%

URI opened at $1,067.62 on Monday. The business has a 50 day simple moving average of $885.82 and a two-hundred day simple moving average of $852.71. The firm has a market capitalization of $66.89 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.70 and a beta of 1.81. 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, Inc. has a one year low of $682.08 and a one year high of $1,091.23.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $8.86 EPS. Analysts predict that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals Announces Dividend

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

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.