Sanctuary Advisors LLC Reduces Stake in United Rentals, Inc. $URI

Sanctuary Advisors LLC lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,806 shares of the construction company’s stock after selling 653 shares during the quarter. Sanctuary Advisors LLC’s holdings in United Rentals were worth $7,144,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new stake in shares of United Rentals during the 4th quarter valued at about $27,000. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at about $28,000. MV Capital Management Inc. bought a new position in shares of United Rentals in the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund bought a new position in shares of United Rentals in the 4th quarter worth approximately $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals in the fourth quarter worth approximately $32,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $1,043.73 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69. The business has a 50-day moving average price of $1,041.31 and a 200-day moving average price of $910.42. The firm has a market cap of $65.39 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.71 and a beta of 1.79.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business posted $8.86 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts predict that United Rentals, Inc. will post 46.77 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio is currently 20.10%.

Insider Activity at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This represents a 18.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the transaction, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. Truist Financial lifted their price target on shares of United Rentals from $1,209.00 to $1,421.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. UBS Group boosted their price objective on shares of United Rentals from $1,145.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Bank of America upped their price objective on United Rentals from $1,020.00 to $1,195.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,140.00.

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.