United Rentals, Inc. (NYSE:URI) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lowered its stake in United Rentals, Inc. (NYSE:URI) by 1.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,060 shares of the construction company’s stock after selling 16 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in United Rentals were worth $764,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of URI. First Financial Corp IN acquired a new stake in shares of United Rentals in the first quarter valued at about $25,000. Crewe Advisors LLC acquired a new stake in shares of United Rentals in the first quarter valued at about $27,000. AdvisorNet Financial Inc grew its stake in shares of United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after buying an additional 20 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of United Rentals in the first quarter valued at about $28,000. Finally, Riverview Trust Co acquired a new stake in shares of United Rentals in the first quarter valued at about $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on URI. Citigroup began coverage on United Rentals in a research note on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective for the company. Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Stifel Nicolaus increased their target price on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Raymond James started coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on United Rentals in a report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $670.92.

United Rentals Stock Performance

URI traded down $40.61 during trading hours on Thursday, hitting $716.49. The company’s stock had a trading volume of 694,222 shares, compared to its average volume of 587,183. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $789.80. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $47.39 billion, a PE ratio of 20.52, a PEG ratio of 2.19 and a beta of 1.71. The company has a 50-day simple moving average of $668.04 and a 200 day simple moving average of $666.81.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm earned $9.88 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.35 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, August 14th. United Rentals’s payout ratio is 17.66%.

Insider Buying and Selling

In related news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

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.