Capital Advisors Ltd. LLC Has $300,000 Holdings in United Rentals, Inc. (NYSE:URI)

Capital Advisors Ltd. LLC lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 416 shares of the construction company’s stock after selling 18 shares during the period. Capital Advisors Ltd. LLC’s holdings in United Rentals were worth $300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Capital Research Global Investors grew its position in shares of United Rentals by 39.1% during the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after purchasing an additional 1,799,997 shares in the last quarter. Norges Bank acquired a new position in shares of United Rentals during the 4th quarter worth approximately $977,443,000. Dimensional Fund Advisors LP grew its position in shares of United Rentals by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock worth $714,578,000 after purchasing an additional 56,948 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after purchasing an additional 1,041,281 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of United Rentals by 1.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock worth $372,945,000 after acquiring an additional 11,429 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target on the stock. Citigroup began coverage on shares of United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Raymond James started coverage on shares of United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. Finally, Truist Financial lowered their target price on shares of United Rentals from $796.00 to $785.00 and set a “buy” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and a consensus price target of $637.67.

United Rentals Trading Up 0.8 %

Shares of URI stock opened at $645.88 on Wednesday. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $732.37. 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 50-day simple moving average of $660.29 and a two-hundred day simple moving average of $646.84. The company has a market capitalization of $43.01 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.12 and a beta of 1.71.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the firm posted $7.95 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts anticipate that United Rentals, Inc. will post 43.71 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, May 7th. United Rentals’s payout ratio is 17.66%.

Insiders Place Their Bets

In other United Rentals news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other United Rentals news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction dated 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 directly owns 8,052 shares in the company, valued at $5,431,557.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by 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.