Edmond DE Rothschild Holding S.A. Sells 318 Shares of United Rentals, Inc. (NYSE:URI)

Edmond DE Rothschild Holding S.A. lowered its position in United Rentals, Inc. (NYSE:URI) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,697 shares of the construction company’s stock after selling 318 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in United Rentals were worth $2,666,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of URI. First Financial Corp IN bought a new stake in shares of United Rentals in the 1st quarter worth approximately $25,000. AdvisorNet Financial Inc raised its holdings in shares of United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after buying an additional 20 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of United Rentals in the 1st quarter worth approximately $28,000. Riverview Trust Co acquired a new position in shares of United Rentals in the 1st quarter worth approximately $31,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of United Rentals in the 4th quarter worth approximately $34,000. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on URI. JPMorgan Chase & Co. began coverage on United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price for the company. Truist Financial dropped their target price on United Rentals from $796.00 to $785.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Citigroup began coverage on United Rentals in a report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price for the company. Raymond James initiated coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Finally, Stifel Nicolaus raised their price target on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $637.67.

United Rentals Trading Down 2.6 %

Shares of NYSE URI traded down $19.42 during midday trading on Wednesday, hitting $723.59. The stock had a trading volume of 751,532 shares, compared to its average volume of 573,635. The company’s 50-day simple moving average is $658.96 and its 200 day simple moving average is $653.84. The firm has a market cap of $48.18 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.71. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $743.24. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. United Rentals’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.95 earnings per share. Research analysts anticipate that United Rentals, Inc. will post 43.84 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Tuesday, May 7th. United Rentals’s dividend payout ratio is currently 17.66%.

Insider Activity at United Rentals

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

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.