Richelieu Gestion SA Sells 2,005 Shares of United Rentals, Inc. (NYSE:URI)

Richelieu Gestion SA trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 47.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,218 shares of the construction company’s stock after selling 2,005 shares during the period. Richelieu Gestion SA’s holdings in United Rentals were worth $1,599,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of URI. Louisiana State Employees Retirement System acquired a new stake in United Rentals in the 4th quarter valued at about $2,351,000. Verdence Capital Advisors LLC acquired a new stake in United Rentals in the 4th quarter valued at about $257,000. Nomura Holdings Inc. bought a new position in shares of United Rentals in the 4th quarter valued at about $780,000. Pinnacle Associates Ltd. raised its holdings in United Rentals by 55.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 6,413 shares of the construction company’s stock worth $3,677,000 after buying an additional 2,289 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of United Rentals by 46.2% in the fourth quarter. Victory Capital Management Inc. now owns 99,372 shares of the construction company’s stock valued at $56,982,000 after purchasing an additional 31,398 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on URI shares. Citigroup began coverage on shares of United Rentals in a report on Wednesday. They issued a “buy” rating and a $745.00 price objective on the stock. The Goldman Sachs Group increased their target price 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. Stifel Nicolaus increased their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price for the company. Finally, Truist Financial increased their target price on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $619.07.

United Rentals Trading Down 2.2 %

Shares of United Rentals stock traded down $13.77 during midday trading on Wednesday, reaching $626.68. 297,968 shares of the company’s stock traded hands, compared to its average volume of 570,649. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The company has a market cap of $41.73 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 2.07 and a beta of 1.75. The stock has a 50 day moving average of $660.34 and a 200-day moving average of $643.33. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $732.37.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. The company 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 firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $7.95 earnings per share. As a group, equities analysts expect that United Rentals, Inc. will post 43.87 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.04%. United Rentals’s dividend payout ratio is currently 17.66%.

Insider Transactions at United Rentals

In related news, COO Michael D. Durand sold 559 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related 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 transaction of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael D. Durand sold 559 shares of the firm’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 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.