Collective Family Office LLC Cuts Stake in United Rentals, Inc. (NYSE:URI)

Collective Family Office LLC reduced its position in United Rentals, Inc. (NYSE:URI) by 20.1% during the first quarter, HoldingsChannel reports. The fund owned 872 shares of the construction company’s stock after selling 219 shares during the quarter. Collective Family Office LLC’s holdings in United Rentals were worth $546,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake in United Rentals by 6.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock worth $10,464,000 after buying an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock valued at $313,627,000 after acquiring an additional 6,787 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of United Rentals during the fourth quarter valued at $649,000. Penobscot Investment Management Company Inc. boosted its position in shares of United Rentals by 35.1% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company’s stock valued at $2,898,000 after buying an additional 1,068 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of United Rentals by 8.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,813 shares of the construction company’s stock valued at $5,504,000 after buying an additional 596 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 0.8%

URI opened at $711.48 on Thursday. The company has a market cap of $46.25 billion, a PE ratio of 18.36, a P/E/G ratio of 1.43 and a beta of 1.70. The business has a 50 day moving average price of $641.24 and a two-hundred day moving average price of $704.36. United Rentals, Inc. has a 52 week low of $525.91 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.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.15 EPS. As a group, research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is currently 18.54%.

Analyst Ratings Changes

Several brokerages recently issued reports on URI. Bank of America decreased their target price on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Truist Financial increased their target price on United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Cfra Research upgraded United Rentals to a “strong-buy” rating in a report on Friday, April 25th. Robert W. Baird upped their price objective on United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their price objective on United Rentals from $780.00 to $920.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $753.15.

Insider Buying and Selling

In related news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president now owns 8,748 shares of the company’s stock, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

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.