HB Wealth Management LLC Cuts Stake in United Rentals, Inc. (NYSE:URI)

HB Wealth Management LLC lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,877 shares of the construction company’s stock after selling 64 shares during the period. HB Wealth Management LLC’s holdings in United Rentals were worth $2,027,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in URI. XTX Topco Ltd purchased a new position in shares of United Rentals during the second quarter valued at $207,000. Brighton Jones LLC purchased a new position in shares of United Rentals during the second quarter valued at $271,000. Ieq Capital LLC increased its stake in shares of United Rentals by 7.3% during the second quarter. Ieq Capital LLC now owns 3,573 shares of the construction company’s stock valued at $2,311,000 after buying an additional 242 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of United Rentals by 3.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,038 shares of the construction company’s stock valued at $2,612,000 after buying an additional 118 shares during the period. Finally, AE Wealth Management LLC increased its stake in shares of United Rentals by 10.9% during the second quarter. AE Wealth Management LLC now owns 1,005 shares of the construction company’s stock valued at $650,000 after buying an additional 99 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

URI has been the topic of several analyst reports. Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays lifted their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Truist Financial cut their target price on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Bank of America lifted their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $805.08.

United Rentals Trading Up 1.8 %

United Rentals stock opened at $770.81 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 52 week low of $553.22 and a 52 week high of $896.98. The company has a market capitalization of $50.58 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. The stock has a 50-day moving average price of $778.79 and a 200 day moving average price of $762.34.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the firm earned $11.73 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is 17.03%.

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.