United Rentals, Inc. $URI Stock Holdings Trimmed by Finivi Inc.

Finivi Inc. lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 71.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 658 shares of the construction company’s stock after selling 1,661 shares during the quarter. Finivi Inc.’s holdings in United Rentals were worth $628,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. increased its stake in United Rentals by 73.3% during the third quarter. TD Waterhouse Canada Inc. now owns 5,740 shares of the construction company’s stock valued at $5,533,000 after purchasing an additional 2,428 shares during the last quarter. National Pension Service raised its holdings in shares of United Rentals by 4.5% during the third quarter. National Pension Service now owns 103,146 shares of the construction company’s stock worth $98,469,000 after purchasing an additional 4,415 shares during the period. North Growth Management Ltd. lifted its position in shares of United Rentals by 22.2% in the 3rd quarter. North Growth Management Ltd. now owns 11,000 shares of the construction company’s stock worth $10,189,000 after buying an additional 2,000 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of United Rentals by 37.2% in the 3rd quarter. HB Wealth Management LLC now owns 6,608 shares of the construction company’s stock worth $6,308,000 after buying an additional 1,790 shares during the last quarter. Finally, Independent Advisor Alliance boosted its holdings in shares of United Rentals by 11.6% in the 3rd quarter. Independent Advisor Alliance now owns 9,108 shares of the construction company’s stock valued at $8,695,000 after buying an additional 947 shares during the period. Institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on URI. Truist Financial set a $972.00 price objective on shares of United Rentals in a research report on Friday, January 30th. Wells Fargo & Company lifted their target price on United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Citigroup lowered their target price on United Rentals from $1,090.00 to $950.00 and set a “buy” rating for the company in a report on Monday, February 2nd. KeyCorp set a $950.00 price target on United Rentals in a research report on Friday, January 30th. Finally, Sanford C. Bernstein set a $965.00 price target on United Rentals in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $925.59.

Insider Buying and Selling

In other United Rentals news, EVP William E. Grace sold 1,498 shares of United Rentals stock in a transaction on 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 sale, the executive vice president owned 6,872 shares of the company’s stock, valued at $5,434,996.08. The trade was a 17.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael D. Durand sold 2,490 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the transaction, the executive vice president owned 7,458 shares of the company’s stock, valued at $5,900,322.12. This trade represents a 25.03% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.53% of the company’s stock.

United Rentals Trading Down 2.6%

Shares of NYSE:URI opened at $725.37 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.41. The company’s 50-day moving average price is $858.72 and its 200 day moving average price is $876.41. The company has a market cap of $45.70 billion, a PE ratio of 18.75, a P/E/G ratio of 1.20 and a beta of 1.66. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47.

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

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were given a dividend of $1.97 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.79. This represents a $7.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, February 11th. United Rentals’s payout ratio is presently 20.37%.

United Rentals announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 8.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.