United Rentals, Inc. (NYSE:URI) Shares Sold by Bokf Na

Bokf Na cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 5.3% in the 2nd quarter, Holdings Channel reports. The firm owned 9,213 shares of the construction company’s stock after selling 519 shares during the period. Bokf Na’s holdings in United Rentals were worth $5,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Financial Corp IN bought a new position in shares of United Rentals in the first quarter valued at $25,000. Crewe Advisors LLC acquired a new stake in shares of United Rentals during the first quarter worth $27,000. RFP Financial Group LLC lifted its holdings in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of United Rentals in the 1st quarter valued at $28,000. Finally, Riverview Trust Co purchased a new position in United Rentals in the 1st quarter worth about $31,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction that occurred 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 directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

URI has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. The Goldman Sachs Group raised their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. started coverage on shares of United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 target price on the stock. Truist Financial raised their target price on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Raymond James initiated coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $675.15.

United Rentals Price Performance

Shares of URI opened at $712.63 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market cap of $47.13 billion, a PE ratio of 19.30, a PEG ratio of 1.64 and a beta of 1.68. The firm’s 50 day moving average price is $708.20 and its 200 day moving average price is $684.02. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $789.80.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm earned $9.88 EPS. United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, research analysts expect that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $1.63 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.91%. United Rentals’s dividend payout ratio is currently 17.66%.

About United Rentals

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.