OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,370 Shares of United Rentals, Inc. $URI

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in United Rentals, Inc. (NYSE:URI) by 38.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,400 shares of the construction company’s stock after selling 3,370 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in United Rentals were worth $4,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new position in United Rentals in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new position in United Rentals in the fourth quarter valued at approximately $28,000. Abich Financial Wealth Management LLC bought a new position in United Rentals in the third quarter valued at approximately $29,000. Board of the Pension Protection Fund bought a new position in United Rentals in the fourth quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC bought a new position in United Rentals in the fourth quarter valued at approximately $32,000. 96.26% of the stock is owned by institutional investors.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the sale, the vice president directly owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares in the company, valued at approximately $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals Trading Up 0.8%

URI opened at $1,082.43 on Tuesday. The firm’s fifty day moving average is $927.44 and its two-hundred day moving average is $864.50. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The firm has a market cap of $67.81 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81. United Rentals, Inc. has a twelve month low of $682.08 and a twelve month high of $1,106.88.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the business earned $8.86 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a research note on Friday, April 24th. KeyCorp increased 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 increased their target price on shares of United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada increased their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Barclays increased their target price on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,045.81.

United Rentals 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.