Todd Asset Management LLC Sells 584 Shares of United Rentals, Inc. $URI

Todd Asset Management LLC trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 65,222 shares of the construction company’s stock after selling 584 shares during the period. United Rentals accounts for about 1.3% of Todd Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Todd Asset Management LLC’s holdings in United Rentals were worth $62,265,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Optas LLC lifted its position in United Rentals by 0.9% during the third quarter. Optas LLC now owns 1,174 shares of the construction company’s stock valued at $1,121,000 after acquiring an additional 10 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in United Rentals by 0.5% in the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after purchasing an additional 11 shares during the last quarter. OFI Invest Asset Management increased its position in shares of United Rentals by 6.7% during the third quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock worth $167,000 after purchasing an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after purchasing an additional 11 shares during the last quarter. Finally, Bank of Jackson Hole Trust boosted its position in shares of United Rentals by 12.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after purchasing an additional 12 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group raised United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price on the stock in a research report on Sunday, January 4th. Citigroup dropped their price target on United Rentals from $1,090.00 to $950.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. KeyCorp set a $950.00 price objective on shares of United Rentals in a research report on Friday, January 30th. Royal Bank Of Canada dropped their target price on shares of United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating on the stock in a research report on Friday, January 30th. Finally, Barclays cut their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $925.59.

United Rentals Price Performance

Shares of NYSE:URI opened at $868.85 on Monday. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.41. The company has a market cap of $54.74 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 1.39 and a beta of 1.70. The company’s 50 day moving average is $858.47 and its 200 day moving average is $889.29.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 28th. The construction company reported $11.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). United Rentals had a net margin of 15.49% and a return on equity of 30.35%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the firm earned $11.59 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.9%. This is a positive change from United Rentals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, February 11th. United Rentals’s dividend payout ratio is 20.37%.

United Rentals declared that its board has authorized a share repurchase program on Wednesday, January 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insider Activity at United Rentals

In related news, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the sale, the executive vice president directly owned 7,458 shares of the company’s stock, valued at approximately $5,900,322.12. This represents a 25.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP William E. Grace sold 1,498 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total transaction of $1,184,753.22. Following the completion of the transaction, the executive vice president owned 6,872 shares of the company’s stock, valued at approximately $5,434,996.08. This trade represents a 17.90% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is currently owned by company insiders.

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.