WD Rutherford LLC Sells 157 Shares of United Rentals, Inc. (NYSE:URI)

WD Rutherford LLC trimmed its stake in shares of United Rentals, Inc. (NYSE:URI) by 15.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 828 shares of the construction company’s stock after selling 157 shares during the quarter. WD Rutherford LLC’s holdings in United Rentals were worth $597,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in URI. Treasurer of the State of North Carolina boosted its position in shares of United Rentals by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 34,825 shares of the construction company’s stock valued at $15,482,000 after acquiring an additional 175 shares during the period. Private Advisory Group LLC boosted its holdings in United Rentals by 21.3% in the 3rd quarter. Private Advisory Group LLC now owns 1,196 shares of the construction company’s stock valued at $532,000 after purchasing an additional 210 shares during the period. Bank of Nova Scotia grew its position in shares of United Rentals by 22.3% during the 3rd quarter. Bank of Nova Scotia now owns 5,415 shares of the construction company’s stock valued at $2,407,000 after purchasing an additional 989 shares in the last quarter. Teza Capital Management LLC increased its holdings in shares of United Rentals by 40.5% in the third quarter. Teza Capital Management LLC now owns 5,012 shares of the construction company’s stock worth $2,228,000 after purchasing an additional 1,445 shares during the period. Finally, BOS Asset Management LLC purchased a new stake in shares of United Rentals in the third quarter worth $226,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at $72,341,742. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Matthew John Flannery sold 8,379 shares of United Rentals 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 directly owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction that occurred 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 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. Insiders own 0.53% of the company’s stock.

United Rentals Trading Up 3.8 %

Shares of URI traded up $23.69 during trading hours on Friday, hitting $646.73. The company had a trading volume of 820,126 shares, compared to its average volume of 637,801. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $732.37. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The stock’s 50 day moving average price is $660.38 and its 200 day moving average price is $644.07. The firm has a market cap of $43.07 billion, a P/E ratio of 17.52, a P/E/G ratio of 2.02 and a beta of 1.75.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion for 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 business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $7.95 EPS. On average, research analysts predict that United Rentals, Inc. will post 43.87 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $1.63 per share. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 annualized dividend and a yield of 1.01%. United Rentals’s payout ratio is currently 17.66%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Raymond James assumed coverage on United Rentals in a research report on Friday. They set an “outperform” rating and a $750.00 target price for the company. Citigroup began coverage on shares of United Rentals in a research report on Wednesday. They issued a “buy” rating and a $745.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research note on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price on the stock. Stifel Nicolaus boosted their price target on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $638.40.

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.