Rakuten Investment Management Inc. Sells 54,162 Shares of United Rentals, Inc. $URI

Rakuten Investment Management Inc. lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 86.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,401 shares of the construction company’s stock after selling 54,162 shares during the period. Rakuten Investment Management Inc.’s holdings in United Rentals were worth $6,885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Aventura Private Wealth LLC bought a new stake in United Rentals during the 4th quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new stake in United Rentals during the 4th quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in United Rentals during the 3rd quarter valued at approximately $35,000. Board of the Pension Protection Fund bought a new stake in United Rentals during the 4th quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC bought a new stake in United Rentals during the 4th quarter valued at approximately $32,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the topic of several research reports. KeyCorp lifted their price objective on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings raised United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. UBS Group lifted their price objective on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,045.81.

United Rentals Stock Down 1.3%

Shares of United Rentals stock opened at $1,070.14 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The company has a 50-day moving average of $934.20 and a 200 day moving average of $866.30. The firm has a market cap of $67.04 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.71 and a beta of 1.81. United Rentals, Inc. has a 1 year low of $685.04 and a 1 year high of $1,106.88.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm posted $8.86 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is 20.10%.

Insider Buying and Selling

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president directly owned 5,738 shares in the company, valued at $5,479,732.62. This trade represents a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by insiders.

United Rentals Company Profile

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.