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

RFG Advisory LLC lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 33.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,472 shares of the construction company’s stock after selling 733 shares during the quarter. RFG Advisory LLC’s holdings in United Rentals were worth $1,667,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in United Rentals by 110,181.2% during the second quarter. California State Teachers Retirement System now owns 110,282,310 shares of the construction company’s stock valued at $124,937,726,000 after buying an additional 110,182,309 shares in the last quarter. BlackRock Inc. purchased a new stake in United Rentals during the second quarter worth approximately $5,816,326,000. Capital World Investors increased its position in shares of United Rentals by 1.1% in the fourth quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock worth $2,192,357,000 after acquiring an additional 30,263 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of United Rentals by 2.2% in the 4th quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock valued at $1,087,711,000 after acquiring an additional 28,895 shares during the period. Finally, Norges Bank purchased a new position in shares of United Rentals in the 4th quarter valued at $978,017,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $986.88 on Friday. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The business has a 50 day moving average price of $1,076.70 and a two-hundred day moving average price of $966.06. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The firm has a market cap of $61.43 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.46 and a beta of 1.79.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 22nd. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.United Rentals’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $10.47 EPS. Sell-side analysts expect that United Rentals, Inc. will post 48.59 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is currently 18.92%.

Insider Transactions at United Rentals

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Saturday. Truist Financial boosted their price objective on United Rentals from $1,421.00 to $1,466.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Morgan Stanley set a $1,335.00 target price on United Rentals and gave the stock an “overweight” rating in a research report on Friday, July 24th. Zacks Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Bank of America raised their target price on United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,230.88.

United Rentals Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, commercial, government and residential customers. The company provides access to a broad range of equipment without requiring customers to purchase and maintain their own fleets.

Its rental offerings include aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control equipment, pumps, tools, trench-safety products and traffic-control equipment.