United Rentals, Inc. $URI Shares Sold by Alight Capital Management LP

Alight Capital Management LP decreased its holdings in United Rentals, Inc. (NYSE:URI) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,000 shares of the construction company’s stock after selling 2,000 shares during the quarter. United Rentals accounts for about 1.7% of Alight Capital Management LP’s investment portfolio, making the stock its 22nd largest position. Alight Capital Management LP’s holdings in United Rentals were worth $6,475,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new position in United Rentals in the fourth quarter worth approximately $27,000. Core Wealth Advisors LLC acquired a new position in United Rentals in the fourth quarter worth approximately $28,000. KERR FINANCIAL PLANNING Corp purchased a new position in United Rentals during the 3rd quarter worth approximately $35,000. Board of the Pension Protection Fund purchased a new position in United Rentals during the 4th quarter worth approximately $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in United Rentals during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 1.8%

Shares of NYSE:URI opened at $1,050.43 on Thursday. The firm has a fifty day moving average of $940.51 and a two-hundred day moving average of $867.96. The firm has a market capitalization of $65.81 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 1.69 and a beta of 1.81. United Rentals, Inc. has a 12-month low of $692.70 and a 12-month high of $1,106.88. 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 issued 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 company 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $8.86 EPS. On average, equities analysts expect that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $1.97 per share. 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 0.8%. United Rentals’s dividend payout ratio (DPR) is 20.10%.

Insider Activity at United Rentals

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction on 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 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This trade represents a 18.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,088 shares of company stock worth $25,628,877. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Robert W. Baird lifted their price objective on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Barclays lifted 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. 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. Finally, Royal Bank Of Canada lifted their price objective on shares of 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. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,045.81.

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.