United Rentals, Inc. $URI Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 23.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 2,339 shares of the construction company’s stock after selling 707 shares during the quarter. Hilltop Holdings Inc.’s holdings in United Rentals were worth $1,704,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Core Wealth Advisors LLC purchased a new position in shares of United Rentals in the fourth quarter worth about $28,000. MV Capital Management Inc. purchased a new stake in United Rentals during the 4th quarter valued at about $28,000. Laurel Wealth Advisors LLC purchased a new stake in United Rentals during the 4th quarter valued at about $32,000. Fortitude Family Office LLC grew its stake in United Rentals by 121.1% during the 4th quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock valued at $34,000 after acquiring an additional 23 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in United Rentals in the 4th quarter valued at about $34,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Up 0.0%

URI opened at $1,140.19 on Friday. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,177.67. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The business has a fifty day simple moving average of $1,052.87 and a 200-day simple moving average of $919.10. The firm has a market cap of $70.97 billion, a P/E ratio of 27.38, a P/E/G ratio of 1.82 and a beta of 1.79.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the business earned $10.47 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts expect that United Rentals, Inc. will post 47.32 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals’s payout ratio is currently 18.92%.

Insider Transactions at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares in the company, valued at $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the sale, the executive vice president directly owned 14,774 shares in the company, valued at $14,227,362. This represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

URI has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays boosted their price objective on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a research note on Friday. Truist Financial upped their target price on United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a report on Friday. Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Finally, Raymond James Financial reissued an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a research note on Wednesday, June 10th. Fifteen analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average target price of $1,226.50.

Trending Headlines about United Rentals

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: JPMorgan raised its price target on United Rentals to $1,235 and kept an overweight rating, signaling confidence in continued upside. JPMorgan price target increase
• Positive Sentiment: Truist boosted its target to $1,466 and maintained a buy rating, reflecting a more optimistic view of URI’s earnings power and demand trends. Truist price target increase
• Positive Sentiment: Citigroup raised its target to $1,330 with a buy rating after the company’s strong Q2 results and improved guidance. Citigroup price target increase
• Positive Sentiment: Bank of America increased its target to $1,300 and reiterated a buy rating, adding to the positive analyst momentum around the stock. Bank of America price target increase
• Positive Sentiment: United Rentals reported Q2 earnings of $12.76 per share and revenue of $4.41 billion, both ahead of expectations, and raised full-year guidance on stronger rental growth and demand. Q2 earnings beat and guidance raise
• Neutral Sentiment: The company also declared a quarterly dividend of $1.97 per share, which is a modest shareholder-return update but not likely the main driver of today’s trading. Dividend announcement

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.