Savant Capital LLC Sells 79 Shares of United Rentals, Inc. (NYSE:URI)

Savant Capital LLC lowered its stake in United Rentals, Inc. (NYSE:URIFree Report) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,034 shares of the construction company’s stock after selling 79 shares during the period. Savant Capital LLC’s holdings in United Rentals were worth $593,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in United Rentals by 58,829.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after buying an additional 1,041,281 shares during the period. Invesco Ltd. raised its position in United Rentals by 19.1% during the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after purchasing an additional 149,838 shares in the last quarter. Northern Trust Corp lifted its stake in United Rentals by 1.5% during the third quarter. Northern Trust Corp now owns 680,217 shares of the construction company’s stock worth $302,404,000 after purchasing an additional 10,018 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in United Rentals by 12.7% during the third quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company’s stock worth $284,061,000 after purchasing an additional 72,066 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of United Rentals by 9.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 390,872 shares of the construction company’s stock valued at $173,770,000 after purchasing an additional 35,295 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the sale, the chief financial officer now directly owns 6,323 shares in the company, valued at $4,145,485.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William E. Grace sold 775 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the transaction, the chief financial officer now directly owns 6,323 shares in the company, valued at $4,145,485.26. The disclosure for this sale can be found here. Insiders have sold a total of 9,713 shares of company stock worth $6,747,384 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $666.66 on Friday. The company has a market capitalization of $44.39 billion, a PE ratio of 18.06, a P/E/G ratio of 2.17 and a beta of 1.82. United Rentals, Inc. has a fifty-two week low of $325.15 and a fifty-two week high of $732.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The company has a 50 day simple moving average of $683.37 and a two-hundred day simple moving average of $586.57.

United Rentals (NYSE:URIGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. United Rentals’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $7.95 earnings per share. Research analysts anticipate that United Rentals, Inc. will post 43.61 earnings per share for the current year.

United Rentals declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals’s dividend payout ratio is 17.66%.

Analysts Set New Price Targets

URI has been the subject of several recent analyst reports. Truist Financial upped their price objective on United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Robert W. Baird lifted their price target on shares of United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a report on Friday, January 26th. Wells Fargo & Company increased their price objective on shares of United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Evercore ISI boosted their target price on shares of United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $600.79.

Read Our Latest Report on United Rentals

About United Rentals

(Free Report)

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.

See Also

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URIFree Report).

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.