Romano Brothers AND Company Trims Holdings in United Rentals, Inc. (NYSE:URI)

Romano Brothers AND Company reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,109 shares of the construction company’s stock after selling 15 shares during the period. Romano Brothers AND Company’s holdings in United Rentals were worth $781,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mayflower Financial Advisors LLC lifted its holdings in United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares in the last quarter. Allen Capital Group LLC increased its position in shares of United Rentals by 4.2% during the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after acquiring an additional 13 shares during the period. First County Bank CT raised its stake in shares of United Rentals by 3.2% during the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after acquiring an additional 13 shares in the last quarter. IAM Advisory LLC raised its stake in shares of United Rentals by 1.6% during the third quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after acquiring an additional 14 shares in the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of United Rentals by 1.7% in the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after purchasing an additional 14 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by insiders.

United Rentals Price Performance

Shares of URI opened at $770.81 on Friday. The company has a 50 day moving average of $778.79 and a two-hundred day moving average of $761.58. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a twelve month low of $553.22 and a twelve month high of $896.98. The company has a market cap of $50.58 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share 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 during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business earned $11.73 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts predict that United Rentals, Inc. will post 43.46 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, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.85%. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Wall Street Analyst Weigh In

URI has been the subject of a number of research analyst reports. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Barclays increased their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Bank of America boosted their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Citigroup lowered their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $805.08.

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.