United Rentals (NYSE:URI) EVP Craig Adam Pintoff Sells 2,466 Shares

United Rentals, Inc. (NYSE:URI) EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

United Rentals Trading Down 1.5%

Shares of URI stock opened at $959.42 on Tuesday. United Rentals, Inc. has a 1-year low of $611.93 and a 1-year high of $1,021.47. The company has a market cap of $60.11 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.56 and a beta of 1.68. 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 stock has a 50 day simple moving average of $797.24 and a 200-day simple moving average of $840.42.

United Rentals (NYSE:URI) last released its quarterly 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 business posted $8.86 EPS. On average, equities research analysts expect that United Rentals, Inc. will post 46.68 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a $1.97 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 20.10%.

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

Institutional Investors Weigh In On United Rentals

Hedge funds have recently modified their holdings of the company. Aventura Private Wealth LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at about $27,000. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at about $28,000. MV Capital Management Inc. purchased a new stake in shares of United Rentals in the fourth quarter valued at about $28,000. Salomon & Ludwin LLC grew its holdings in shares of United Rentals by 650.0% in the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after purchasing an additional 26 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in United Rentals in the third quarter valued at about $29,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on URI shares. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a research report on Friday. Truist Financial set a $1,209.00 price target on United Rentals in a research note on Friday. Royal Bank Of Canada boosted their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Citigroup increased their price objective on United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $986.35.

United Rentals Company 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.