LVZ Inc. Sells 219 Shares of United Rentals, Inc. (NYSE:URI)

LVZ Inc. reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 38.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 356 shares of the construction company’s stock after selling 219 shares during the quarter. LVZ Inc.’s holdings in United Rentals were worth $230,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of URI. First Financial Corp IN purchased a new stake in shares of United Rentals during the 1st quarter valued at $25,000. Crewe Advisors LLC bought a new position in shares of United Rentals during the first quarter valued at about $27,000. Rise Advisors LLC bought a new position in United Rentals in the first quarter worth about $28,000. Riverview Trust Co bought a new position in United Rentals in the first quarter worth about $31,000. Finally, PFS Partners LLC bought a new position in United Rentals in the first quarter worth about $36,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on URI shares. Truist Financial increased their price target on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their price objective on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. assumed 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 for the company. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Raymond James initiated coverage on shares of United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus target price of $675.15.

United Rentals Price Performance

URI stock traded up $26.61 during trading on Friday, hitting $743.66. The stock had a trading volume of 194,197 shares, compared to its average volume of 569,813. The company’s 50 day moving average price is $684.62 and its two-hundred day moving average price is $677.13. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $789.80. The stock has a market cap of $49.52 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.71. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.88 EPS. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.4 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 14th. United Rentals’s payout ratio is currently 17.66%.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by corporate insiders.

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.