United Rentals, Inc. (NYSE:URI) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,083 shares of the construction company’s stock after selling 46 shares during the quarter. Lindbrook Capital LLC’s holdings in United Rentals were worth $1,467,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of URI. ORG Wealth Partners LLC acquired a new position in shares of United Rentals in the 4th quarter valued at $26,000. Hanson & Doremus Investment Management acquired a new position in United Rentals in the 4th quarter valued at $33,000. Kestra Investment Management LLC acquired a new position in United Rentals in the 4th quarter valued at $34,000. Promus Capital LLC acquired a new position in United Rentals in the 4th quarter valued at $41,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new position in United Rentals in the 4th quarter valued at $42,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI dropped their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Argus upped their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley lowered their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $829.00.

United Rentals Price Performance

United Rentals stock opened at $633.85 on Thursday. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm’s 50-day simple moving average is $714.93 and its 200 day simple moving average is $766.18. The firm has a market capitalization of $41.39 billion, a PE ratio of 16.36, a P/E/G ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.13%. United Rentals’s payout ratio is currently 18.48%.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.53% of the company’s stock.

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.