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

EP Wealth Advisors LLC decreased its holdings in United Rentals, Inc. (NYSE:URI) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,436 shares of the construction company’s stock after selling 73 shares during the quarter. EP Wealth Advisors LLC’s holdings in United Rentals were worth $1,036,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Courier Capital LLC bought a new position in United Rentals during the 4th quarter worth approximately $203,000. Planned Solutions Inc. acquired a new stake in shares of United Rentals during the 4th quarter worth approximately $77,000. Procyon Advisors LLC increased its position in United Rentals by 9.0% in the 4th quarter. Procyon Advisors LLC now owns 716 shares of the construction company’s stock valued at $410,000 after acquiring an additional 59 shares during the period. SeaCrest Wealth Management LLC increased its position in United Rentals by 10.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $277,000 after acquiring an additional 50 shares during the period. Finally, DeDora Capital Inc. acquired a new stake in United Rentals in the 4th quarter valued at approximately $249,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

URI has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target on the stock. Stifel Nicolaus lifted their price target on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Raymond James initiated coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock. The Goldman Sachs Group lifted their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday. Finally, Citigroup started coverage on United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $651.20.

United Rentals Stock Down 0.3 %

Shares of NYSE:URI traded down $2.05 during midday trading on Friday, hitting $752.21. 902,344 shares of the stock were exchanged, compared to its average volume of 586,243. 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, Inc. has a 52-week low of $387.01 and a 52-week high of $789.80. The business’s fifty day simple moving average is $663.50 and its two-hundred day simple moving average is $660.57. The company has a market capitalization of $50.09 billion, a PE ratio of 20.72, a P/E/G ratio of 2.35 and a beta of 1.71.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 36.18% and a net margin of 17.35%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $9.88 earnings per share. United Rentals’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, research analysts predict that United Rentals, Inc. will post 43.89 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.87%. United Rentals’s payout ratio is presently 17.66%.

Insider Transactions at United Rentals

In other news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Company Profile

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.