United Rentals, Inc. $URI Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC decreased its position in United Rentals, Inc. (NYSE:URI) by 49.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500 shares of the construction company’s stock after selling 490 shares during the period. Deltec Asset Management LLC’s holdings in United Rentals were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Capital International Investors lifted its holdings in shares of 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 purchasing an additional 631,484 shares during the period. Capital World Investors raised its position in United Rentals by 1.1% during the 4th quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock worth $2,192,357,000 after buying an additional 30,263 shares during the last quarter. Franklin Resources Inc. raised its position in United Rentals by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock worth $1,087,711,000 after buying an additional 28,895 shares during the last quarter. Norges Bank acquired a new stake in United Rentals during the 4th quarter valued at approximately $978,017,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of United Rentals by 5.6% in the 3rd quarter. Alliancebernstein L.P. now owns 1,088,209 shares of the construction company’s stock valued at $1,038,870,000 after acquiring an additional 57,977 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value 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. The trade was a 18.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the business’s 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 sale, the executive vice president owned 14,774 shares of the company’s stock, valued at $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $1,113.81 on Thursday. The firm has a market cap of $69.78 billion, a PE ratio of 28.41, a PEG ratio of 1.81 and a beta of 1.79. The firm has a fifty day moving average of $1,006.44 and a 200 day moving average of $888.89. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,143.69.

United Rentals (NYSE:URI) last announced 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 company had revenue of $3.98 billion during 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 firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $8.86 EPS. As a group, research analysts predict that United Rentals, Inc. will post 46.76 EPS for the current fiscal 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. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s payout ratio is presently 20.10%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore reissued an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. UBS Group upped their price target on shares of United Rentals from $1,145.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday. BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target on the stock in a research report on Monday. Barclays boosted their price objective on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Fifteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $1,106.44.

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.