First Hawaiian Bank Sells 512 Shares of United Rentals, Inc. (NYSE:URI)

First Hawaiian Bank reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 8.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,310 shares of the construction company’s stock after selling 512 shares during the period. First Hawaiian Bank’s holdings in United Rentals were worth $3,741,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of URI. Private Advisor Group LLC increased its stake in shares of United Rentals by 4.8% in the second quarter. Private Advisor Group LLC now owns 7,079 shares of the construction company’s stock worth $4,578,000 after purchasing an additional 322 shares in the last quarter. Acadian Asset Management LLC bought a new stake in United Rentals during the 2nd quarter valued at $1,153,000. Quest Partners LLC lifted its position in shares of United Rentals by 26.0% during the second quarter. Quest Partners LLC now owns 852 shares of the construction company’s stock worth $551,000 after acquiring an additional 176 shares in the last quarter. Prudential PLC boosted its holdings in shares of United Rentals by 6.9% in the second quarter. Prudential PLC now owns 20,836 shares of the construction company’s stock worth $13,475,000 after acquiring an additional 1,351 shares during the period. Finally, Choreo LLC grew its position in shares of United Rentals by 149.7% in the second quarter. Choreo LLC now owns 3,636 shares of the construction company’s stock valued at $2,332,000 after purchasing an additional 2,180 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.0 %

URI traded down $14.03 on Wednesday, hitting $671.38. 694,524 shares of the company were exchanged, compared to its average volume of 670,095. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals, Inc. has a 12 month low of $536.83 and a 12 month high of $896.98. The firm has a fifty day simple moving average of $797.13 and a two-hundred day simple moving average of $758.28. The stock has a market capitalization of $44.06 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.73 earnings per share. Sell-side analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.97%. United Rentals’s dividend payout ratio is presently 17.03%.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on URI. Citigroup boosted their price target on shares of United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Bank of America boosted their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Truist Financial lifted their price target on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $792.69.

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.