United Rentals, Inc. $URI Shares Sold by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI reduced its position in United Rentals, Inc. (NYSE:URI) by 13.0% in the 4th quarter, Holdings Channel reports. The firm owned 4,032 shares of the construction company’s stock after selling 600 shares during the period. Arcadia Investment Management Corp MI’s holdings in United Rentals were worth $3,263,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Capital International Investors increased its position in United Rentals by 22.8% during the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after buying an additional 631,484 shares during the period. Capital World Investors boosted its stake in United Rentals by 6.7% during the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock worth $2,557,158,000 after purchasing an additional 168,685 shares during the period. Franklin Resources Inc. grew its position in United Rentals by 6.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,315,086 shares of the construction company’s stock worth $1,255,460,000 after purchasing an additional 83,978 shares during the last quarter. Norges Bank acquired a new position in United Rentals in the fourth quarter valued at $978,017,000. Finally, Alliancebernstein L.P. raised its holdings in shares of United Rentals by 5.6% in the third quarter. Alliancebernstein L.P. now owns 1,088,209 shares of the construction company’s stock valued at $1,038,870,000 after buying an additional 57,977 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of NYSE:URI opened at $996.99 on Monday. United Rentals, Inc. has a 52 week low of $681.98 and a 52 week high of $1,021.47. The company has a 50-day moving average price of $854.91 and a 200 day moving average price of $845.62. The company has a market cap of $62.46 billion, a P/E ratio of 25.43, a PEG ratio of 1.58 and a beta of 1.81. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37.

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

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $1.97 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is presently 20.10%.

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the transaction, the executive vice president owned 14,774 shares of the company’s stock, valued at $14,227,362. This represents a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,088 shares of company stock worth $25,628,877 in the last ninety days. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. KeyCorp lifted their target price on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Royal Bank Of Canada boosted their target price on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Robert W. Baird increased their price target on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,006.13.

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.