Atalanta Sosnoff Capital LLC Has $32.01 Million Stock Holdings in United Rentals, Inc. $URI

Atalanta Sosnoff Capital LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,546 shares of the construction company’s stock after selling 7,897 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in United Rentals were worth $32,006,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of URI. Aventura Private Wealth LLC acquired a new position in United Rentals during the fourth quarter valued at $27,000. Core Wealth Advisors LLC bought a new stake in shares of United Rentals during the 4th quarter worth about $28,000. Abich Financial Wealth Management LLC acquired a new position in shares of United Rentals during the 3rd quarter worth about $29,000. Board of the Pension Protection Fund acquired a new position in shares of United Rentals during the 4th quarter worth about $32,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of United Rentals during the 4th quarter worth about $32,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

URI opened at $1,076.03 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The business’s 50-day moving average price is $920.44 and its two-hundred day moving average price is $862.24. The company has a market capitalization of $67.41 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.69 and a beta of 1.81. United Rentals, Inc. has a 1 year low of $682.08 and a 1 year high of $1,106.88.

United Rentals (NYSE:URI) last released 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 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%. United Rentals’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.86 EPS. Equities analysts expect that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

Wall Street Analyst Weigh In

URI has been the subject of several recent research reports. Barclays upped their price target on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a report on Wednesday. Sanford C. Bernstein set a $903.00 price target on United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. KeyCorp increased their target price on United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Evercore reissued an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,045.81.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the transaction, the vice president owned 1,865 shares of the company’s stock, valued at $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction that occurred on 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 directly owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock worth $25,628,877 in the last three months. 0.47% of the stock is owned by corporate insiders.

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.