United Rentals, Inc. $URI Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 47.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,065 shares of the construction company’s stock after selling 978 shares during the period. J.W. Cole Advisors Inc.’s holdings in United Rentals were worth $862,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in URI. Aventura Private Wealth LLC purchased a new stake in United Rentals in the 4th quarter valued at $27,000. Core Wealth Advisors LLC purchased a new stake in United Rentals in the 4th quarter valued at $28,000. Abich Financial Wealth Management LLC purchased a new stake in United Rentals in the 3rd quarter valued at $29,000. Board of the Pension Protection Fund purchased a new stake in United Rentals in the 4th quarter valued at $32,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in United Rentals in the 4th quarter valued at $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In related news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This trade represents a 18.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on URI. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a report on Friday, April 24th. Royal Bank Of Canada upped their target price on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. Robert W. Baird upped their target price on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

United Rentals Stock Performance

NYSE URI opened at $1,056.72 on Thursday. The stock has a market cap of $66.20 billion, a PE ratio of 26.96, a P/E/G ratio of 1.73 and a beta of 1.81. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a twelve month low of $682.08 and a twelve month high of $1,106.88. The stock has a fifty day simple moving average of $906.76 and a 200-day simple moving average of $858.86.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.86 earnings per share. Equities analysts anticipate that United Rentals, Inc. will post 47.14 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is 20.10%.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.