Insider Selling: United Rentals, Inc. (NYSE:URI) SVP Sells 900 Shares of Stock

United Rentals, Inc. (NYSE:URI) SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

United Rentals Price Performance

Shares of NYSE URI opened at $813.37 on Friday. United Rentals, Inc. has a fifty-two week low of $395.44 and a fifty-two week high of $861.74. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market capitalization of $53.37 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.87 and a beta of 1.68. The business has a 50-day moving average of $780.36 and a 200-day moving average of $711.80.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the business posted $11.73 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.31 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, November 13th. United Rentals’s payout ratio is currently 17.03%.

Analysts Set New Price Targets

Several analysts recently commented on URI shares. Bank of America raised their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays increased their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Evercore ISI increased 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. JPMorgan Chase & Co. increased their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, Truist Financial increased their target price on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and an average target price of $742.50.

Hedge Funds Weigh In On United Rentals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crewe Advisors LLC bought a new position in United Rentals during the first quarter worth about $27,000. RFP Financial Group LLC lifted its position in United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in United Rentals during the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. lifted its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Company 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.