Toroso Investments LLC Cuts Position in United Rentals, Inc. (NYSE:URI)

Toroso Investments LLC trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 13.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,132 shares of the construction company’s stock after selling 1,259 shares during the period. Toroso Investments LLC’s holdings in United Rentals were worth $3,218,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Arete Wealth Advisors LLC acquired a new position in United Rentals in the first quarter valued at approximately $357,000. B. Riley Wealth Advisors Inc. boosted its holdings in United Rentals by 6.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 5,990 shares of the construction company’s stock valued at $2,371,000 after purchasing an additional 342 shares in the last quarter. Advisory Services Network LLC boosted its holdings in United Rentals by 11.7% in the first quarter. Advisory Services Network LLC now owns 6,779 shares of the construction company’s stock valued at $2,683,000 after purchasing an additional 711 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in United Rentals by 84.1% in the first quarter. Rockefeller Capital Management L.P. now owns 78,507 shares of the construction company’s stock valued at $31,069,000 after purchasing an additional 35,858 shares in the last quarter. Finally, Providence Capital Advisors LLC boosted its holdings in United Rentals by 39,284.8% in the first quarter. Providence Capital Advisors LLC now owns 163,053 shares of the construction company’s stock valued at $412,000 after purchasing an additional 162,639 shares in the last quarter. 89.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Rentals news, COO Dale A. Asplund sold 14,157 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $475.27, for a total value of $6,728,397.39. Following the completion of the transaction, the chief operating officer now owns 6,379 shares in the company, valued at $3,031,747.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

URI has been the subject of a number of research analyst reports. Argus upped their price target on United Rentals from $425.00 to $460.00 in a report on Tuesday, June 27th. Citigroup increased their price objective on United Rentals from $450.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Barclays increased their price objective on United Rentals from $315.00 to $325.00 and gave the company an “underweight” rating in a report on Monday, July 31st. StockNews.com began coverage on United Rentals in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, KeyCorp increased their price objective on United Rentals from $520.00 to $525.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $455.25.

United Rentals Price Performance

United Rentals stock opened at $453.32 on Friday. United Rentals, Inc. has a 12 month low of $256.23 and a 12 month high of $492.33. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.69. The business has a 50 day simple moving average of $462.31 and a 200-day simple moving average of $412.83. The stock has a market capitalization of $30.95 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.72 and a beta of 1.88.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $9.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.23 by $0.65. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.45 billion. United Rentals had a return on equity of 36.67% and a net margin of 17.34%. United Rentals’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.86 earnings per share. Equities analysts predict that United Rentals, Inc. will post 40.6 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, August 8th. United Rentals’s payout ratio is 18.02%.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.