Pathstone Holdings LLC Grows Position in United Rentals, Inc. (NYSE:URI)

Pathstone Holdings LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 7.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,867 shares of the construction company’s stock after purchasing an additional 1,376 shares during the period. Pathstone Holdings LLC’s holdings in United Rentals were worth $13,290,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new stake in United Rentals during the fourth quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in United Rentals during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. grew its stake in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after buying an additional 29 shares during the period. Hanson & Doremus Investment Management purchased a new stake in United Rentals during the fourth quarter worth approximately $33,000. Finally, Kestra Investment Management LLC purchased a new stake in United Rentals during the fourth quarter worth approximately $34,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on URI. Robert W. Baird boosted their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Truist Financial boosted their price objective on shares of United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Cfra Research upgraded shares of United Rentals to a “strong-buy” rating in a research note on Friday, April 25th. Evercore ISI reduced their target price 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. Finally, Bank of America reduced their target price on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $725.69.

Insider Activity at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president now directly owns 1,921 shares of the company’s stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,908 shares of company stock valued at $1,890,567 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

United Rentals Trading Up 0.0%

URI opened at $713.37 on Friday. The stock has a market capitalization of $46.37 billion, a PE ratio of 18.41, a P/E/G ratio of 1.43 and a beta of 1.70. The firm’s fifty day moving average price is $624.24 and its 200 day moving average price is $711.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98.

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

United Rentals Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.00%. United Rentals’s dividend payout ratio is presently 18.54%.

United Rentals 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.