Vaughan Nelson Investment Management L.P. Decreases Stock Holdings in United Rentals, Inc. $URI

Vaughan Nelson Investment Management L.P. reduced its position in United Rentals, Inc. (NYSE:URI) by 32.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,947 shares of the construction company’s stock after selling 63,719 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in United Rentals were worth $95,403,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital International Investors boosted its stake in United Rentals by 22.8% in the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after acquiring an additional 631,484 shares in the last quarter. Capital World Investors increased its position in shares of United Rentals by 1.1% during the fourth quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock worth $2,192,357,000 after purchasing an additional 30,263 shares in the last quarter. Franklin Resources Inc. increased its position in shares of United Rentals by 2.2% during the fourth quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock worth $1,087,711,000 after purchasing an additional 28,895 shares in the last quarter. Norges Bank purchased a new stake in shares of United Rentals during the 4th quarter valued at $978,017,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of United Rentals by 5.6% during the 3rd quarter. Alliancebernstein L.P. now owns 1,088,209 shares of the construction company’s stock valued at $1,038,870,000 after purchasing an additional 57,977 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 0.1%

Shares of NYSE:URI opened at $1,077.68 on Monday. 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 52-week low of $693.78 and a 52-week high of $1,106.88. The stock has a market cap of $67.52 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 1.70 and a beta of 1.81. The business has a 50-day moving average price of $953.75 and a 200-day moving average price of $871.73.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.98 billion for 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 business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $8.86 earnings per share. Equities analysts predict that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

Insider Activity

In related news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the sale, the executive vice president directly owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction on 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 directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. The trade was a 5.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,088 shares of company stock valued at $25,628,877 in the last quarter. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays boosted their target price on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. Truist Financial set a $1,209.00 price target on United Rentals in a research note on Friday, April 24th. KeyCorp raised their price target on United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price target on United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. Finally, Morgan Stanley restated an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a research note on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,045.81.

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.