United Rentals, Inc. (NYSE:URI) Shares Sold by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC lessened its stake in United Rentals, Inc. (NYSE:URI) by 59.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 174 shares of the construction company’s stock after selling 251 shares during the quarter. AlphaCentric Advisors LLC’s holdings in United Rentals were worth $113,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. First Financial Corp IN acquired a new position in shares of United Rentals in the 1st quarter worth approximately $25,000. Crewe Advisors LLC bought a new position in United Rentals during the first quarter worth $27,000. RFP Financial Group LLC boosted its holdings in United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the period. Rise Advisors LLC bought a new stake in United Rentals during the first quarter valued at $28,000. Finally, Riverview Trust Co acquired a new stake in shares of United Rentals during the first quarter worth $31,000. Institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company’s stock.

United Rentals Price Performance

NYSE:URI traded down $1.65 during midday trading on Monday, hitting $743.38. 275,501 shares of the stock were exchanged, compared to its average volume of 568,566. The company has a market capitalization of $49.50 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.66 and a beta of 1.71. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a one year low of $387.01 and a one year high of $789.80. The business has a 50-day moving average price of $687.20 and a two-hundred day moving average price of $678.17.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.77 billion. During the same quarter in the previous year, the business earned $9.88 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts predict that United Rentals, Inc. will post 44.4 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.88%. United Rentals’s dividend payout ratio is currently 17.66%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on URI. The Goldman Sachs Group increased their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Truist Financial raised their target price on United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Citigroup started coverage on shares of United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price target for the company. Raymond James assumed coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective on the stock. Finally, Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $675.15.

United Rentals Company 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.