Capital International Inc. CA Cuts Stake in United Rentals, Inc. $URI

Capital International Inc. CA reduced its position in United Rentals, Inc. (NYSE:URI) by 73.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,253 shares of the construction company’s stock after selling 22,885 shares during the period. Capital International Inc. CA’s holdings in United Rentals were worth $6,679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Aventura Private Wealth LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at $27,000. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at $28,000. Abich Financial Wealth Management LLC purchased a new stake in shares of United Rentals during the third quarter valued at $29,000. Board of the Pension Protection Fund purchased a new stake in shares of United Rentals during the fourth quarter valued at $32,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URI has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on shares of United Rentals in a report on Friday, April 24th. Citigroup boosted their price objective on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings raised shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Robert W. Baird boosted their price objective on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,013.63.

Insider Buying and Selling at United Rentals

In other United Rentals 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 transaction, the senior vice president owned 5,738 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction dated 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 transaction, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Company insiders own 0.47% of the company’s stock.

United Rentals Trading Up 1.7%

NYSE URI opened at $1,085.65 on Tuesday. The company has a market capitalization of $68.02 billion, a PE ratio of 27.70, a P/E/G ratio of 1.70 and a beta of 1.81. The company has a fifty day moving average of $892.70 and a 200 day moving average of $854.72. United Rentals, Inc. has a 1 year low of $682.08 and a 1 year high of $1,093.97. 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 (NYSE:URI) last posted its earnings results 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). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.86 earnings per share. Research analysts forecast that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals Dividend Announcement

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

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.