Deltec Asset Management LLC Decreases Stake in United Rentals, Inc. $URI

Deltec Asset Management LLC cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 49.5% during the first quarter, HoldingsChannel.com reports. The fund owned 500 shares of the construction company’s stock after selling 490 shares during the period. Deltec Asset Management LLC’s holdings in United Rentals were worth $364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aventura Private Wealth LLC acquired a new position in United Rentals during the fourth quarter worth $27,000. Core Wealth Advisors LLC acquired a new stake in shares of United Rentals in the 4th quarter worth $28,000. MV Capital Management Inc. acquired a new stake in shares of United Rentals in the 4th quarter worth $28,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals during the 4th quarter worth $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals during the 4th quarter worth $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity

In related news, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction that occurred 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 approximately $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This represents a 18.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

United Rentals Stock Down 1.7%

United Rentals stock opened at $1,113.81 on Thursday. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69. The stock’s fifty day simple moving average is $1,006.44 and its 200-day simple moving average is $888.89. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $69.78 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.81 and a beta of 1.79.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the business posted $8.86 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts expect that United Rentals, Inc. will post 46.76 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup boosted their target price on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a research report on Monday, May 11th. Morgan Stanley reiterated an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a report on Friday, April 24th. UBS Group increased their price objective on United Rentals from $1,145.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, KeyCorp raised their target price on United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Fifteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,106.44.

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.