Sentry Investment Management LLC Has $192,000 Stake in United Rentals, Inc. (NYSE:URI)

Sentry Investment Management LLC trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 17.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297 shares of the construction company’s stock after selling 61 shares during the period. Sentry Investment Management LLC’s holdings in United Rentals were worth $192,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of URI. Duncker Streett & Co. Inc. raised its position in shares of United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after acquiring an additional 14 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of United Rentals by 3.8% during the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after purchasing an additional 14 shares during the period. Concurrent Investment Advisors LLC increased its holdings in United Rentals by 3.7% in the first quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock valued at $301,000 after purchasing an additional 15 shares during the last quarter. Hoylecohen LLC increased its holdings in United Rentals by 1.4% in the fourth quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock valued at $667,000 after purchasing an additional 16 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in United Rentals by 4.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 357 shares of the construction company’s stock valued at $231,000 after buying an additional 16 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on URI. Truist Financial boosted their target price on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup started coverage on shares of United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. started coverage on shares of United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price objective for the company. Finally, Evercore ISI lifted their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $675.15.

United Rentals Stock Performance

Shares of United Rentals stock opened at $706.36 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market cap of $46.72 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.68. The stock’s 50-day moving average is $707.03 and its 200-day moving average is $683.82. United Rentals, Inc. has a one year low of $387.01 and a one year 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 analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.88 EPS. Equities analysts predict that United Rentals, Inc. will post 44.5 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Wednesday, August 14th. United Rentals’s payout ratio is 17.66%.

Insider Activity at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the 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 of the company’s stock, valued at $2,822,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by company insiders.

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.