United Rentals (NYSE:URI) EVP Michael Durand Sells 2,490 Shares

United Rentals, Inc. (NYSE:URI) EVP Michael Durand sold 2,490 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the transaction, the executive vice president owned 7,458 shares in the company, valued at approximately $5,900,322.12. This trade represents a 25.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Rentals Price Performance

Shares of NYSE:URI opened at $779.31 on Tuesday. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a 50-day moving average price of $848.95 and a 200 day moving average price of $888.26. The company has a market cap of $49.10 billion, a P/E ratio of 20.15, a PEG ratio of 1.24 and a beta of 1.69. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.41.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 28th. The construction company reported $11.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same period last year, the company posted $11.59 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals declared that its board has authorized a share buyback program on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, February 11th. This is an increase from United Rentals’s previous quarterly dividend of $1.79. United Rentals’s payout ratio is presently 20.37%.

Analyst Ratings Changes

A number of analysts recently commented on URI shares. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective on the stock in a report on Sunday, January 4th. Truist Financial set a $972.00 price target on United Rentals in a research note on Friday. Sanford C. Bernstein set a $965.00 price target on United Rentals in a report on Friday. Robert W. Baird set a $970.00 price objective on United Rentals in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their target price on United Rentals from $1,150.00 to $970.00 and set an “overweight” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $925.59.

Institutional Investors Weigh In On United Rentals

Large investors have recently bought and sold shares of the stock. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at $27,000. Loomis Sayles & Co. L P purchased a new position in United Rentals in the 2nd quarter valued at about $28,000. Salomon & Ludwin LLC boosted its stake 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 purchased a new stake in shares of United Rentals during the third quarter worth about $29,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of United Rentals in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

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.