Cumberland Advisors Inc. Has $6.22 Million Holdings in United Rentals, Inc. (NYSE:URI)

Cumberland Advisors Inc. lessened its position in United Rentals, Inc. (NYSE:URI) by 5.0% in the first quarter, HoldingsChannel reports. The fund owned 8,620 shares of the construction company’s stock after selling 450 shares during the quarter. United Rentals makes up approximately 2.3% of Cumberland Advisors Inc.’s holdings, making the stock its 12th largest holding. Cumberland Advisors Inc.’s holdings in United Rentals were worth $6,216,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors lifted its holdings in United Rentals by 39.1% during the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after acquiring an additional 1,799,997 shares during the period. Norges Bank bought a new stake in United Rentals during the fourth quarter worth $977,443,000. Dimensional Fund Advisors LP lifted its holdings in United Rentals by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock worth $714,578,000 after acquiring an additional 56,948 shares during the period. International Assets Investment Management LLC lifted its holdings in United Rentals by 58,829.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after acquiring an additional 1,041,281 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in United Rentals by 1.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock worth $372,945,000 after acquiring an additional 11,429 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price target for the company. Truist Financial lifted their price target on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. The Goldman Sachs Group lifted their price target on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Citigroup began coverage on United Rentals in a research report on Wednesday. They set a “buy” rating and a $745.00 target price for the company. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $619.07.

United Rentals Stock Performance

URI traded down $6.54 during midday trading on Thursday, hitting $623.29. 257,237 shares of the company were exchanged, compared to its average volume of 570,284. The company’s 50 day simple moving average is $660.21 and its 200 day simple moving average is $643.23. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $732.37. The firm has a market capitalization of $41.50 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.07 and a beta of 1.75.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the firm earned $7.95 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that United Rentals, Inc. will post 43.87 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 1.05%. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.