United Rentals, Inc. (NYSE:URI) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC trimmed its holdings in shares of United Rentals, Inc. (NYSE:URIFree Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,083 shares of the construction company’s stock after selling 100 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in United Rentals were worth $2,341,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of URI. Vanguard Group Inc. boosted its stake in United Rentals by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 8,179,328 shares of the construction company’s stock valued at $2,905,379,000 after purchasing an additional 186,931 shares in the last quarter. State Street Corp raised its holdings in shares of United Rentals by 1.3% in the 2nd quarter. State Street Corp now owns 3,383,296 shares of the construction company’s stock worth $1,506,819,000 after purchasing an additional 43,715 shares in the last quarter. Morgan Stanley lifted its stake in United Rentals by 10.8% during the fourth quarter. Morgan Stanley now owns 1,756,009 shares of the construction company’s stock valued at $624,121,000 after purchasing an additional 170,958 shares during the last quarter. Norges Bank bought a new stake in United Rentals during the fourth quarter worth approximately $586,415,000. Finally, Geode Capital Management LLC increased its holdings in shares of United Rentals by 2.8% in the first quarter. Geode Capital Management LLC now owns 1,441,997 shares of the construction company’s stock valued at $569,394,000 after buying an additional 39,917 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on URI shares. BNP Paribas reiterated an “underperform” rating and issued a $485.00 target price on shares of United Rentals in a report on Friday, January 5th. Wells Fargo & Company increased their target price on United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Evercore ISI lifted their price target on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Citigroup increased their price objective on United Rentals from $490.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Morgan Stanley began coverage on United Rentals in a research note on Monday, January 8th. They set an “equal weight” rating and a $500.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $572.20.

View Our Latest Stock Analysis on United Rentals

United Rentals Stock Performance

URI stock traded up $10.53 during mid-day trading on Wednesday, reaching $702.32. 300,686 shares of the stock traded hands, compared to its average volume of 586,048. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average of $671.03 and a two-hundred day moving average of $551.03. United Rentals, Inc. has a 52 week low of $325.15 and a 52 week high of $732.37. The firm has a market capitalization of $47.17 billion, a PE ratio of 19.57, a P/E/G ratio of 2.65 and a beta of 1.84.

United Rentals (NYSE:URIGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The construction company reported $11.26 earnings per share for the quarter, topping the consensus estimate of $10.85 by $0.41. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the business posted $9.74 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. As a group, equities analysts predict that United Rentals, Inc. will post 42.9 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a dividend of $1.63 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, February 13th. United Rentals’s dividend payout ratio is 18.44%.

United Rentals announced that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at United Rentals

In other news, CFO William E. Grace sold 775 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now owns 6,323 shares in the company, valued at $4,145,485.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

About United Rentals

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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