Clifford Swan Investment Counsel LLC Decreases Holdings in United Rentals, Inc. (NYSE:URI)

Clifford Swan Investment Counsel LLC decreased its holdings in United Rentals, Inc. (NYSE:URI) by 18.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 879 shares of the construction company’s stock after selling 200 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in United Rentals were worth $568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Essex Financial Services Inc. boosted its position in United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after buying an additional 136 shares during the period. Nomura Holdings Inc. purchased a new stake in United Rentals during the 4th quarter valued at about $780,000. Forsta AP Fonden grew its position in United Rentals by 2.8% during the 1st quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock worth $10,528,000 after acquiring an additional 400 shares during the last quarter. Tidal Investments LLC increased its stake in United Rentals by 241.2% in the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after purchasing an additional 3,435 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in United Rentals in the fourth quarter valued at approximately $779,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $695.94 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $46.34 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.57 and a beta of 1.68. The firm’s 50 day moving average price is $704.82 and its 200-day moving average price is $683.34. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $789.80.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the firm earned $9.88 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts expect that United Rentals, Inc. will post 44.5 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s payout ratio is 17.66%.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 SEC, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of a number of analyst reports. Evercore ISI increased their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Citigroup began coverage on shares of United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Raymond James assumed coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target on the stock. The Goldman Sachs Group raised their price objective on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Truist Financial lifted their target price on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, United Rentals presently has a consensus rating of “Hold” and an average price target of $675.15.

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.