Sabal Trust CO Sells 90 Shares of United Rentals, Inc. (NYSE:URI)

Sabal Trust CO trimmed its stake in United Rentals, Inc. (NYSE:URI) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,524 shares of the construction company’s stock after selling 90 shares during the quarter. Sabal Trust CO’s holdings in United Rentals were worth $2,279,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. First Financial Corp IN bought a new stake in United Rentals in the first quarter worth $25,000. Crewe Advisors LLC bought a new stake in United Rentals in the first quarter worth $27,000. Rise Advisors LLC bought a new stake in United Rentals in the first quarter worth $28,000. RFP Financial Group LLC boosted its holdings in United Rentals by 115.8% in 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 in the last quarter. Finally, Riverview Trust Co bought a new stake in United Rentals in the first quarter worth $31,000. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

United Rentals Stock Up 1.7 %

United Rentals stock opened at $741.26 on Friday. The stock has a market cap of $49.03 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.71 and a beta of 1.71. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a one year low of $387.01 and a one year high of $789.80. The stock has a fifty day moving average of $696.98 and a 200 day moving average of $680.97.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the company posted $9.88 earnings per share. United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.5 EPS for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio is presently 17.66%.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by corporate 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.