Barings LLC Sells 715 Shares of United Rentals, Inc. $URI

Barings LLC cut its holdings in United Rentals, Inc. (NYSE:URI) by 28.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,793 shares of the construction company’s stock after selling 715 shares during the period. Barings LLC’s holdings in United Rentals were worth $1,451,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Aventura Private Wealth LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $27,000. Core Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $28,000. Abich Financial Wealth Management LLC bought a new stake in shares of United Rentals in the 3rd quarter worth about $29,000. Board of the Pension Protection Fund bought a new stake in shares of United Rentals in the 4th quarter worth about $32,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $32,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

Shares of URI stock opened at $1,067.20 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The company has a market capitalization of $66.86 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.67 and a beta of 1.81. The company’s 50-day simple moving average is $913.55 and its two-hundred day simple moving average is $860.73. United Rentals, Inc. has a one year low of $682.08 and a one year high of $1,106.88.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.United Rentals’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.86 earnings per share. As a group, equities analysts anticipate that United Rentals, Inc. will post 47.14 EPS for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is currently 20.10%.

Insider Activity at United Rentals

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the transaction, the executive vice president directly owned 14,774 shares in the company, valued at $14,227,362. This represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,088 shares of company stock valued at $25,628,877 over the last 90 days. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on URI shares. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. KeyCorp boosted their target price on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. UBS Group upped their price target on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Barclays upped their price target on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada upped their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price of $1,029.00.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.