United Rentals, Inc. $URI Shares Sold by RFG Advisory LLC

RFG Advisory LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 18.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,205 shares of the construction company’s stock after selling 492 shares during the quarter. RFG Advisory LLC’s holdings in United Rentals were worth $1,607,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Aventura Private Wealth LLC acquired a new position in United Rentals during the 4th quarter valued at approximately $27,000. Core Wealth Advisors LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $28,000. MV Capital Management Inc. bought a new position in shares of United Rentals during the fourth quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in shares of United Rentals during the fourth quarter worth about $32,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of United Rentals during the fourth quarter worth about $32,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on URI shares. Barclays lifted their price objective on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. UBS Group lifted their price target on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Royal Bank Of Canada increased their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,070.50.

United Rentals Stock Performance

URI opened at $1,123.06 on Friday. The business has a 50 day moving average price of $986.77 and a two-hundred day moving average price of $881.63. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The company has a market capitalization of $70.36 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.77 and a beta of 1.81. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,143.69.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business posted $8.86 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts predict that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is presently 20.10%.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

United Rentals 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.