United Rentals, Inc. $URI Shares Sold by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 20.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,674 shares of the construction company’s stock after selling 1,440 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in United Rentals were worth $4,134,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in URI. Core Wealth Advisors LLC purchased a new position in United Rentals in the fourth quarter valued at about $28,000. MV Capital Management Inc. purchased a new stake in shares of United Rentals in the fourth quarter worth about $28,000. Laurel Wealth Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $32,000. Hilton Head Capital Partners LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $34,000. Finally, Frazier Financial Advisors LLC raised its holdings in shares of United Rentals by 33.3% during the 1st quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock valued at $41,000 after buying an additional 14 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. KeyCorp restated an “overweight” rating and issued a $1,350.00 price target on shares of United Rentals in a report on Friday, July 24th. Wells Fargo & Company boosted their target price on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Citigroup raised their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $1,100.00 to $1,235.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $1,275.00 price objective on shares of United Rentals in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $1,226.50.

United Rentals Trading Up 0.1%

NYSE URI opened at $1,080.77 on Monday. The company has a market capitalization of $67.27 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.40 and a beta of 1.79. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,177.67. The company’s fifty day moving average price is $1,067.76 and its two-hundred day moving average price is $925.23.

United Rentals (NYSE:URI) last released its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping the consensus estimate of $11.53 by $1.23. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.47 EPS. As a group, research analysts predict that United Rentals, Inc. will post 48.35 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals’s payout ratio is currently 18.92%.

About United Rentals

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.