United Rentals (NYSE:URI) VP Sells $535,867.28 in Stock

United Rentals, Inc. (NYSE:URIGet Free Report) VP Andrew Limoges sold 548 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. The trade was a 22.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

United Rentals Trading Up 0.1%

Shares of URI stock opened at $975.12 on Monday. The stock’s fifty day moving average is $795.43 and its two-hundred day moving average is $840.56. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The firm has a market capitalization of $61.09 billion, a P/E ratio of 24.88, a PEG ratio of 1.56 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $611.93 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URIGet Free Report) 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). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the business earned $8.86 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Research analysts expect that United Rentals, Inc. will post 46.68 earnings per share for the current fiscal year.

United Rentals announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be paid a $1.97 dividend. The ex-dividend date of this dividend is 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%.

Key United Rentals News

Here are the key news stories impacting United Rentals this week:

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research note on Monday, April 20th. Robert W. Baird raised their target price on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group raised United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price for the company in a research note on Sunday, January 4th. Finally, Truist Financial set a $1,209.00 target price on United Rentals in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average target price of $986.35.

Read Our Latest Research Report on URI

Institutional Trading of United Rentals

Hedge funds and other institutional investors have recently modified their holdings of the business. Salomon & Ludwin LLC increased its position in shares of United Rentals by 650.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of United Rentals during the 3rd quarter worth about $29,000. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals during the 4th quarter worth about $27,000. Cedar Mountain Advisors LLC acquired a new stake in shares of United Rentals during the 3rd quarter worth about $32,000. Finally, Core Wealth Advisors LLC acquired a new stake in shares of United Rentals during the 4th quarter worth about $28,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Company Profile

(Get Free Report)

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.

Further Reading

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