Koshinski Asset Management Inc. Sells 655 Shares of United Rentals, Inc. (NYSE:URI)

Koshinski Asset Management Inc. cut its stake in United Rentals, Inc. (NYSE:URI) by 39.8% in the first quarter, HoldingsChannel.com reports. The fund owned 990 shares of the construction company’s stock after selling 655 shares during the period. Koshinski Asset Management Inc.’s holdings in United Rentals were worth $714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of URI. Diversified Trust Co increased its stake in shares of United Rentals by 27.2% in the 4th quarter. Diversified Trust Co now owns 1,343 shares of the construction company’s stock valued at $770,000 after acquiring an additional 287 shares during the last quarter. Range Financial Group LLC bought a new stake in United Rentals during the 4th quarter worth approximately $258,000. BKM Wealth Management LLC bought a new stake in United Rentals during the 4th quarter worth approximately $293,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in United Rentals during the 4th quarter worth approximately $22,529,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in United Rentals by 0.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 19,258 shares of the construction company’s stock worth $11,043,000 after purchasing an additional 136 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 0.2 %

Shares of NYSE URI traded up $1.29 during trading hours on Friday, hitting $729.74. The company had a trading volume of 66,280 shares, compared to its average volume of 572,216. The stock has a market capitalization of $48.59 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.38 and a beta of 1.71. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $759.98. The firm’s 50 day moving average is $659.74 and its 200-day moving average is $654.36.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the firm posted $7.95 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts expect that United Rentals, Inc. will post 43.84 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.89%. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

Insider Buying and Selling at United Rentals

In other news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Citigroup began coverage on United Rentals in a research note on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price for the company. JPMorgan Chase & Co. began coverage on United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target for the company. Finally, Raymond James began coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $637.67.

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.