Insider Selling: United Rentals (NYSE:URI) EVP Sells $1,699,725.00 in Stock

United Rentals, Inc. (NYSE:URI) EVP William Grace sold 1,500 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the transaction, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

United Rentals Trading Up 1.3%

NYSE:URI opened at $1,069.23 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The firm has a 50-day moving average of $1,064.93 and a 200-day moving average of $924.30. The company has a market cap of $66.55 billion, a PE ratio of 25.68, a PEG ratio of 1.37 and a beta of 1.79. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,177.67.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate of $11.53 by $1.23. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $10.47 EPS. As a group, equities research analysts expect that United Rentals, Inc. will post 48.35 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Sanford C. Bernstein set a $903.00 price target on United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. Evercore reiterated an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Truist Financial increased their target price on shares of United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a report on Friday, July 24th. Morgan Stanley set a $1,335.00 price target on shares of United Rentals and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 price objective on shares of United Rentals in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,226.50.

Institutional Investors Weigh In On United Rentals

Large investors have recently made changes to their positions in the business. Cardinal Capital Management Inc. raised its position in United Rentals by 11.6% in the second quarter. Cardinal Capital Management Inc. now owns 49,644 shares of the construction company’s stock worth $56,241,000 after acquiring an additional 5,142 shares during the period. Diversified Management Inc. bought a new position in shares of United Rentals during the 2nd quarter valued at approximately $294,000. Generali Investments Management Co LLC grew its position in shares of United Rentals by 70.3% during the 2nd quarter. Generali Investments Management Co LLC now owns 264 shares of the construction company’s stock valued at $299,000 after acquiring an additional 109 shares during the period. E. Ohman J or Asset Management AB increased its stake in shares of United Rentals by 7.2% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 3,038 shares of the construction company’s stock worth $3,442,000 after purchasing an additional 205 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of United Rentals in the 2nd quarter worth approximately $2,171,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

About United Rentals

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.