Ranch Capital Advisors Inc. Sells 455 Shares of United Rentals, Inc. (NYSE:URI)

Ranch Capital Advisors Inc. lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 27.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,191 shares of the construction company’s stock after selling 455 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in United Rentals were worth $771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in URI. First Financial Corp IN acquired a new stake in shares of United Rentals during the first quarter worth $25,000. Crewe Advisors LLC acquired a new stake in United Rentals during the 1st quarter worth about $27,000. RFP Financial Group LLC raised its position 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 in the last quarter. Rise Advisors LLC bought a new stake in United Rentals in the first quarter worth approximately $28,000. Finally, Riverview Trust Co acquired a new position in United Rentals in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $793.61 on Friday. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $801.39. 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 business has a fifty day simple moving average of $717.64 and a two-hundred day simple moving average of $685.92. The company has a market capitalization of $52.85 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.72 and a beta of 1.68.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio is currently 17.66%.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the 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 transaction, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.