Sienna Gestion Sells 4,699 Shares of United Rentals, Inc. (NYSE:URI)

Sienna Gestion decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 45.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,652 shares of the construction company’s stock after selling 4,699 shares during the period. Sienna Gestion’s holdings in United Rentals were worth $3,654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Financial Corp IN purchased a new position in shares of United Rentals during the 1st quarter valued at about $25,000. Crewe Advisors LLC bought a new stake in shares of United Rentals in the 1st quarter worth approximately $27,000. RFP Financial Group LLC lifted its holdings in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of United Rentals in the 1st quarter valued at $28,000. Finally, Riverview Trust Co bought a new position in shares of United Rentals during the 1st quarter valued at $31,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Performance

Shares of URI opened at $773.29 on Thursday. United Rentals, Inc. has a one year low of $387.01 and a one year high of $801.39. The company has a 50-day simple moving average of $715.08 and a two-hundred day simple moving average of $685.31. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market capitalization of $51.49 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.72 and a beta of 1.68.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating the consensus estimate of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $9.88 earnings per share. On average, analysts anticipate that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a dividend of $1.63 per share. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a yield of 0.84%. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on URI. 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 for the company. Evercore ISI lifted 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. Raymond James started coverage on United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. Truist Financial lifted their target price on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group increased their price target on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $675.15.

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.