United Rentals, Inc. (NYSE:URI) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lowered its position in United Rentals, Inc. (NYSE:URI) by 26.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,599 shares of the construction company’s stock after selling 572 shares during the quarter. 180 Wealth Advisors LLC’s holdings in United Rentals were worth $1,153,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in United Rentals by 5.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,922 shares of the construction company’s stock valued at $5,713,000 after purchasing an additional 423 shares during the period. PFS Partners LLC acquired a new stake in shares of United Rentals during the 1st quarter worth about $36,000. DGS Capital Management LLC raised its holdings in United Rentals by 6.6% in the 1st quarter. DGS Capital Management LLC now owns 1,536 shares of the construction company’s stock valued at $1,107,000 after buying an additional 95 shares during the period. St. Johns Investment Management Company LLC acquired a new position in United Rentals in the first quarter valued at about $50,000. Finally, IAM Advisory LLC purchased a new position in United Rentals during the first quarter worth about $647,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 1.1 %

NYSE:URI traded down $6.79 during trading hours on Thursday, hitting $623.04. The company’s stock had a trading volume of 549,999 shares, compared to its average volume of 572,842. The stock has a market capitalization of $41.49 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.07 and a beta of 1.75. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The stock has a fifty day moving average of $660.01 and a 200-day moving average of $643.09. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $732.37.

United Rentals (NYSE:URI) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.95 earnings per share. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 annualized dividend and a yield of 1.05%. United Rentals’s dividend payout ratio is presently 17.66%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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 note on Monday, April 29th. JPMorgan Chase & Co. assumed coverage on United Rentals in a research note on Friday, June 7th. They issued an “overweight” rating and a $780.00 price objective for the company. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Stifel Nicolaus lifted their target price on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group boosted their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $619.07.

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.