Blair William & Co. IL Sells 248 Shares of United Rentals, Inc. (NYSE:URI)

Blair William & Co. IL trimmed its position in United Rentals, Inc. (NYSE:URI) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,583 shares of the construction company’s stock after selling 248 shares during the period. Blair William & Co. IL’s holdings in United Rentals were worth $4,257,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 360 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on URI. Citigroup started coverage on shares of United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective on the stock. Truist Financial lifted their price objective on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group increased their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. began coverage on United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company. Finally, Raymond James started coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $675.15.

United Rentals Stock Down 1.3 %

Shares of United Rentals stock opened at $783.60 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $801.39. 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 business’s 50 day simple moving average is $722.27 and its 200 day simple moving average is $687.22.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $9.88 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business 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. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a yield of 0.83%. United Rentals’s dividend 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.