Richelieu Gestion SA Trims Position in United Rentals, Inc. (NYSE:URI)

Richelieu Gestion SA trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 47.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,218 shares of the construction company’s stock after selling 2,005 shares during the period. Richelieu Gestion SA’s holdings in United Rentals were worth $1,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hoylecohen LLC grew its position in United Rentals by 1.4% in the fourth quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock worth $667,000 after buying an additional 16 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of United Rentals by 2.1% in the 4th quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after purchasing an additional 18 shares during the last quarter. DGS Capital Management LLC lifted its stake in shares of United Rentals by 1.3% in the 4th quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after purchasing an additional 18 shares during the last quarter. Oak Ridge Investments LLC increased its holdings in shares of United Rentals by 0.3% during the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock worth $3,335,000 after purchasing an additional 20 shares during the period. Finally, Caprock Group LLC increased its stake in United Rentals by 2.3% in the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after acquiring an additional 20 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 2.2 %

NYSE URI traded down $13.77 on Wednesday, hitting $626.68. 297,968 shares of the company were exchanged, compared to its average volume of 570,649. The company has a market cap of $41.73 billion, a PE ratio of 17.17, a PEG ratio of 2.07 and a beta of 1.75. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $732.37. The stock has a fifty day moving average of $660.34 and a 200-day moving average of $643.33. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.95 earnings per share. As a group, analysts forecast that United Rentals, Inc. will post 43.87 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 annualized dividend and a yield of 1.04%. United Rentals’s payout ratio is currently 17.66%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on URI shares. Truist Financial boosted their price target on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Oppenheimer restated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Stifel Nicolaus boosted their price target 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. The Goldman Sachs Group boosted their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Citigroup initiated coverage on shares of United Rentals in a research report on Wednesday. They set a “buy” rating and a $745.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $619.07.

Insider Activity at United Rentals

In other United Rentals news, COO Michael D. Durand sold 559 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

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.