Thrivent Financial for Lutherans Sells 60,613 Shares of United Rentals, Inc. $URI

Thrivent Financial for Lutherans lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 40.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 88,929 shares of the construction company’s stock after selling 60,613 shares during the period. Thrivent Financial for Lutherans’ holdings in United Rentals were worth $71,972,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in URI. TD Waterhouse Canada Inc. boosted its position in United Rentals by 73.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 5,740 shares of the construction company’s stock valued at $5,533,000 after buying an additional 2,428 shares during the period. National Pension Service boosted its position in United Rentals by 4.5% during the 3rd quarter. National Pension Service now owns 103,146 shares of the construction company’s stock valued at $98,469,000 after buying an additional 4,415 shares during the period. Beacon Investment Advisory Services Inc. boosted its position in United Rentals by 1,358.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock valued at $6,658,000 after buying an additional 7,663 shares during the period. Independent Advisor Alliance boosted its position in United Rentals by 11.6% during the 3rd quarter. Independent Advisor Alliance now owns 9,108 shares of the construction company’s stock valued at $8,695,000 after buying an additional 947 shares during the period. Finally, Roman Butler Fullerton & Co. boosted its position in United Rentals by 70.7% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 1,707 shares of the construction company’s stock valued at $1,486,000 after buying an additional 707 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 1.2%

URI stock opened at $961.22 on Friday. The firm has a market cap of $60.22 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.54 and a beta of 1.83. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a twelve month low of $681.98 and a twelve month high of $1,021.47. The business has a 50 day moving average of $818.01 and a 200 day moving average of $839.18.

United Rentals (NYSE:URI) last issued its 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). The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $8.86 earnings per share. On average, research analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals declared that its board has authorized a stock repurchase plan on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 8.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals’s payout ratio is 20.10%.

Insider Activity

In other United Rentals news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the transaction, the executive vice president directly owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,088 shares of company stock valued at $25,628,877 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Truist Financial set a $1,209.00 price target on shares of United Rentals in a research report on Friday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a research report on Friday, April 24th. Citigroup increased their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wells Fargo & Company raised their target price on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $996.94.

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.