Gotham Asset Management LLC Sells 2,688 Shares of United Rentals, Inc. (NYSE:URI)

Gotham Asset Management LLC decreased its holdings in United Rentals, Inc. (NYSE:URI) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,680 shares of the construction company’s stock after selling 2,688 shares during the quarter. Gotham Asset Management LLC’s holdings in United Rentals were worth $6,115,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. grew its stake in shares of 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 purchasing an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of United Rentals by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock worth $313,627,000 after purchasing an additional 6,787 shares during the last quarter. Fiduciary Alliance LLC grew its stake in shares of United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock worth $1,000,000 after purchasing an additional 941 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of United Rentals in the fourth quarter worth $649,000. Finally, Penobscot Investment Management Company Inc. grew its stake in shares of United Rentals by 35.1% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company’s stock worth $2,898,000 after purchasing an additional 1,068 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, VP Andrew B. Limoges sold 708 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael D. Durand sold 1,100 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the sale, the executive vice president now owns 8,748 shares in the company, valued at $5,478,697.44. This represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,908 shares of company stock worth $1,890,567 in the last quarter. Insiders own 0.53% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $725.71 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The firm has a market capitalization of $47.17 billion, a P/E ratio of 18.73, a P/E/G ratio of 1.43 and a beta of 1.70. The firm’s 50-day moving average price is $620.30 and its 200-day moving average price is $712.30.

United Rentals (NYSE:URI) last posted its 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). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the company earned $9.15 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.99%. United Rentals’s dividend payout ratio is presently 18.54%.

Analyst Ratings Changes

A number of analysts have commented on URI shares. Evercore ISI cut their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on shares of United Rentals from $1,000.00 to $750.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and cut their price target for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Truist Financial upped their price target on shares of United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Finally, Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $725.69.

United Rentals Company 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.