Lido Advisors LLC Lowers Stock Holdings in United Rentals, Inc. (NYSE:URI)

Lido Advisors LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,267 shares of the construction company’s stock after selling 323 shares during the quarter. Lido Advisors LLC’s holdings in United Rentals were worth $4,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp increased its holdings in United Rentals by 15.4% during the 4th quarter. Northern Trust Corp now owns 656,053 shares of the construction company’s stock worth $462,150,000 after purchasing an additional 87,617 shares during the period. Quarry LP purchased a new position in shares of United Rentals during the fourth quarter valued at $54,000. Mission Creek Capital Partners Inc. raised its holdings in shares of United Rentals by 16.9% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 2,391 shares of the construction company’s stock valued at $1,684,000 after acquiring an additional 345 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in United Rentals in the fourth quarter worth about $16,729,000. Finally, Johnson Financial Group Inc. grew its holdings in United Rentals by 77.2% during the 4th quarter. Johnson Financial Group Inc. now owns 140 shares of the construction company’s stock worth $106,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on URI. Morgan Stanley upgraded shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target for the company in a report on Wednesday, April 16th. Truist Financial upped their target price on United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Sanford C. Bernstein upgraded 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 report on Tuesday, March 25th. Evercore ISI dropped their price objective on 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. Finally, UBS Group downgraded shares of United Rentals from a “buy” rating to a “sell” rating and reduced their target price for the stock from $910.00 to $485.00 in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $725.69.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

United Rentals Trading Up 0.1 %

URI opened at $629.80 on Wednesday. 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 $40.94 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company’s 50 day simple moving average is $613.03 and its two-hundred day simple moving average is $723.88.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the company earned $9.15 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. United Rentals’s payout ratio is currently 18.54%.

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.