ASB Consultores LLC Lowers Position in United Rentals, Inc. (NYSE:URI)

ASB Consultores LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 49.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400 shares of the construction company’s stock after selling 392 shares during the period. ASB Consultores LLC’s holdings in United Rentals were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at approximately $227,000. Gryphon Financial Partners LLC purchased a new stake in shares of United Rentals during the 4th quarter worth $281,000. Franklin Resources Inc. grew its stake in shares of United Rentals by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 83,344 shares of the construction company’s stock worth $47,791,000 after purchasing an additional 5,526 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of United Rentals by 22.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 116 shares of the construction company’s stock valued at $67,000 after purchasing an additional 21 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of United Rentals by 26.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,284 shares of the construction company’s stock valued at $11,631,000 after purchasing an additional 4,260 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup initiated coverage on shares of United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Evercore ISI lifted their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Raymond James assumed coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. Truist Financial lifted 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. Finally, The Goldman Sachs Group increased their price objective on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, United Rentals presently has an average rating of “Hold” and a consensus price target of $675.15.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction 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 legal filing with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by company insiders.

United Rentals Stock Performance

NYSE:URI opened at $783.60 on Friday. 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 cap of $52.18 billion, a PE ratio of 21.22, a P/E/G ratio of 1.72 and a beta of 1.68. The firm has a 50 day simple moving average of $720.19 and a 200-day simple moving average of $686.67. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $801.39.

United Rentals (NYSE:URI) last issued 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. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $9.88 EPS. United Rentals’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that United Rentals, Inc. will post 44.39 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s payout ratio is 17.66%.

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.