Aaron Wealth Advisors LLC Sells 625 Shares of United Rentals, Inc. $URI

Aaron Wealth Advisors LLC lowered its position in United Rentals, Inc. (NYSE:URI) by 26.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,769 shares of the construction company’s stock after selling 625 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in United Rentals were worth $1,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Woodline Partners LP increased its holdings in shares of United Rentals by 40.0% during the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after acquiring an additional 1,577 shares during the last quarter. Sei Investments Co. boosted its position in United Rentals by 24.7% during the second quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after purchasing an additional 5,375 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of United Rentals by 43.6% in the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock valued at $42,233,000 after purchasing an additional 17,030 shares during the last quarter. HUB Investment Partners LLC raised its position in shares of United Rentals by 11.3% in the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock valued at $1,661,000 after purchasing an additional 223 shares during the period. Finally, Diversify Advisory Services LLC raised its position in shares of United Rentals by 338.7% in the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 1,277 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In related news, 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 value of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the firm’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 transaction, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. The trade was a 14.30% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by company insiders.

United Rentals Stock Performance

Shares of URI stock opened at $1,123.06 on Friday. The company has a market cap of $70.36 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.81. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,143.69. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a 50 day moving average of $986.77 and a 200-day moving average of $881.63.

United Rentals (NYSE:URI) last released 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 return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the company earned $8.86 EPS. United Rentals’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that United Rentals, Inc. will post 47.26 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Evercore reaffirmed an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a 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. Citigroup boosted their price objective on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, KeyCorp upped their target price on United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,070.50.

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.