Los Angeles Capital Management LLC Trims Stock Holdings in United Rentals, Inc. (NYSE:URI)

Los Angeles Capital Management LLC lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 86.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,465 shares of the construction company’s stock after selling 51,808 shares during the quarter. Los Angeles Capital Management LLC’s holdings in United Rentals were worth $4,854,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of URI. AdvisorNet Financial Inc increased its holdings in United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after buying an additional 20 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of United Rentals during the 3rd quarter valued at about $25,000. Larson Financial Group LLC grew its position in shares of United Rentals by 1,525.0% during the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock valued at $37,000 after acquiring an additional 61 shares during the period. NBC Securities Inc. acquired a new position in United Rentals in the 3rd quarter worth about $29,000. Finally, Arlington Trust Co LLC boosted its position in United Rentals by 50.0% during the fourth quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock worth $48,000 after purchasing an additional 28 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 775 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares in the company, valued at approximately $4,145,485.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other United Rentals news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Insiders sold 9,713 shares of company stock worth $6,747,384 over the last 90 days. 0.49% of the stock is owned by insiders.

United Rentals Stock Up 0.3 %

United Rentals stock opened at $666.66 on Monday. The firm has a market capitalization of $44.39 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.17 and a beta of 1.82. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a twelve month low of $325.15 and a twelve month high of $732.37. The stock’s fifty day simple moving average is $683.37 and its 200-day simple moving average is $588.62.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. United Rentals’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.95 EPS. As a group, equities analysts expect that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to buy up to 3.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $6.52 annualized dividend and a yield of 0.98%. United Rentals’s dividend payout ratio (DPR) is 17.66%.

Analyst Upgrades and Downgrades

URI has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Barclays lifted their target price on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Truist Financial upped their price target on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Evercore ISI boosted their price objective on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, Stifel Nicolaus raised their target price on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $600.79.

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.