United Rentals, Inc. $URI Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,310 shares of the construction company’s stock after selling 4,660 shares during the period. United Rentals makes up about 1.4% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 25th largest holding. LGT Capital Partners LTD.’s holdings in United Rentals were worth $27,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in URI. Woodline Partners LP boosted its position in shares of United Rentals by 40.0% during the first quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after buying an additional 1,577 shares during the period. Sei Investments Co. boosted its position in shares of United Rentals by 24.7% during the second quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after buying an additional 5,375 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of United Rentals by 43.6% during the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock worth $42,233,000 after buying an additional 17,030 shares during the period. HUB Investment Partners LLC lifted its position in United Rentals by 11.3% in the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock worth $1,661,000 after purchasing an additional 223 shares during the period. Finally, Diversify Advisory Services LLC lifted its position in United Rentals by 338.7% in the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 1,277 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Andrew B. Limoges sold 548 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares in the company, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,088 shares of company stock worth $25,628,877 over the last quarter. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on URI. Truist Financial set a $1,209.00 target price on United Rentals in a research report on Friday, April 24th. Citigroup upped their target price on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a research report on Friday, April 24th. KeyCorp upped their target price on United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Evercore restated an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a research report on Monday, May 11th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.63.

United Rentals Stock Performance

URI opened at $1,085.65 on Tuesday. The company has a market capitalization of $68.02 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a 1-year low of $682.08 and a 1-year high of $1,093.97. The business has a 50 day moving average price of $892.70 and a two-hundred day moving average price of $854.72.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the company posted $8.86 EPS. United Rentals’s revenue was up 7.2% on a year-over-year basis. Research analysts predict that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is 20.10%.

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.