United Rentals, Inc. (NYSE:URI) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC decreased its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,746 shares of the construction company’s stock after selling 89 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in United Rentals were worth $2,148,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Raymond James & Associates increased its position in shares of United Rentals by 4.7% during the third quarter. Raymond James & Associates now owns 113,793 shares of the construction company’s stock worth $50,589,000 after acquiring an additional 5,117 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of United Rentals by 2.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 33,849 shares of the construction company’s stock valued at $15,048,000 after buying an additional 800 shares during the period. Invesco LLC grew its position in United Rentals by 6.5% in the third quarter. Invesco LLC now owns 1,576 shares of the construction company’s stock worth $701,000 after buying an additional 96 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in United Rentals by 16.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 350 shares of the construction company’s stock worth $156,000 after buying an additional 50 shares during the period. Finally, AMF Tjanstepension AB boosted its position in shares of United Rentals by 121.1% in the third quarter. AMF Tjanstepension AB now owns 65,475 shares of the construction company’s stock worth $29,133,000 after buying an additional 35,864 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 0.3 %

Shares of NYSE:URI traded up $2.09 during trading on Friday, reaching $666.66. 343,283 shares of the stock traded hands, compared to its average volume of 612,228. The stock has a market cap of $44.39 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82. The stock has a 50-day moving average of $683.37 and a two-hundred day moving average of $587.50. United Rentals, Inc. has a 52-week low of $325.15 and a 52-week high of $732.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the company earned $7.95 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals declared that its board has initiated a share buyback program on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, May 7th. United Rentals’s payout ratio is 17.66%.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the transaction, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William E. Grace sold 775 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the transaction, the chief financial officer now directly owns 6,323 shares in the company, valued at approximately $4,145,485.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,713 shares of company stock valued at $6,747,384. 0.53% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI lifted their price objective on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Wells Fargo & Company upped their target price on shares of United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. The Goldman Sachs Group raised their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Robert W. Baird lifted their price objective on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. Finally, Morgan Stanley began coverage on United Rentals in a report on Monday, January 8th. They set an “equal weight” rating and a $500.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $600.79.

About United Rentals

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.