Sentry Investment Management LLC Sells 61 Shares of United Rentals, Inc. (NYSE:URI)

Sentry Investment Management LLC decreased its stake in shares of United Rentals, Inc. (NYSE:URI) by 17.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 297 shares of the construction company’s stock after selling 61 shares during the quarter. Sentry Investment Management LLC’s holdings in United Rentals were worth $192,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in URI. First Financial Corp IN acquired a new stake in United Rentals during the first quarter worth about $25,000. Crewe Advisors LLC bought a new stake in shares of United Rentals in the 1st quarter worth approximately $27,000. Rise Advisors LLC acquired a new stake in shares of United Rentals during the 1st quarter worth approximately $28,000. RFP Financial Group LLC increased its position in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares during the period. Finally, Riverview Trust Co acquired a new position in shares of United Rentals in the first quarter valued at $31,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of several research reports. Raymond James initiated coverage on United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Evercore ISI raised their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Truist Financial upped their target price on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Citigroup began coverage on shares of United Rentals in a research note on Wednesday, June 26th. They set a “buy” rating and a $745.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on United Rentals in a report on Friday, June 7th. They set an “overweight” rating and a $780.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $675.15.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

Shares of URI stock opened at $706.36 on Thursday. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $789.80. The stock has a market capitalization of $46.72 billion, a PE ratio of 19.13, a PEG ratio of 1.57 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The stock’s fifty day moving average is $707.03 and its 200-day moving average is $683.82.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm earned $9.88 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Equities research analysts expect that United Rentals, Inc. will post 44.5 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

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.