United Rentals, Inc. $URI Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 18.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,366 shares of the construction company’s stock after selling 3,479 shares during the period. Capital Group Private Client Services Inc.’s holdings in United Rentals were worth $12,436,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new position in United Rentals during the fourth quarter worth $27,000. Core Wealth Advisors LLC acquired a new position in United Rentals during the fourth quarter worth $28,000. Abich Financial Wealth Management LLC acquired a new position in United Rentals during the third quarter worth $29,000. Board of the Pension Protection Fund acquired a new position in United Rentals during the fourth quarter worth $32,000. Finally, Laurel Wealth Advisors LLC acquired a new position in United Rentals during the fourth quarter worth $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 1.6%

Shares of URI opened at $1,067.62 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 12-month low of $682.08 and a 12-month high of $1,091.23. The firm has a 50-day moving average price of $885.82 and a 200 day moving average price of $852.39. The firm has a market capitalization of $66.89 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.70 and a beta of 1.81.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (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 firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the company posted $8.86 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on URI shares. Morgan Stanley restated an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Barclays upped their price objective on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Royal Bank Of Canada increased their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Citigroup increased their target price on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.63.

Insider Activity

In related news, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were 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 owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the company’s 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 sale, the executive vice president directly 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. Over the last three months, insiders sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

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.