Glassy Mountain Advisors Inc. Trims Stake in United Rentals, Inc. $URI

Glassy Mountain Advisors Inc. cut its position in shares of United Rentals, Inc. (NYSE:URI) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,814 shares of the construction company’s stock after selling 726 shares during the quarter. United Rentals makes up about 4.1% of Glassy Mountain Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Glassy Mountain Advisors Inc.’s holdings in United Rentals were worth $13,608,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new position in shares of United Rentals during the 3rd quarter valued at about $29,000. Aventura Private Wealth LLC bought a new position in shares of United Rentals during the 4th quarter valued at about $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals during the 4th quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of United Rentals during the 3rd quarter valued at about $35,000. Finally, Board of the Pension Protection Fund bought a new position in shares of United Rentals during the 4th quarter valued at about $32,000. 96.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on URI shares. Evercore reiterated an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. Royal Bank Of Canada raised their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Truist Financial set a $1,209.00 price target on United Rentals in a research report on Friday, April 24th. 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 research report on Friday, April 24th. Finally, Citigroup raised their price target 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. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,013.63.

Insiders Place Their Bets

In other news, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, the executive vice president owned 14,774 shares in the company, valued at approximately $14,227,362. This represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 in the last 90 days. 0.47% of the stock is owned by corporate insiders.

United Rentals Price Performance

URI opened at $1,060.93 on Thursday. The stock’s 50 day simple moving average is $872.71 and its 200 day simple moving average is $849.10. 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 $1,067.88. The firm has a market cap of $66.47 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 1.58 and a beta of 1.81.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.United Rentals’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.86 earnings per share. As a group, 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. Stockholders of record on Wednesday, May 13th were given a $1.97 dividend. 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 (DPR) is currently 20.10%.

United Rentals 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.