Insider Selling: United Rentals, Inc. (NYSE:URI) CFO Sells 1,100 Shares of Stock

United Rentals, Inc. (NYSE:URI) CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

United Rentals Trading Up 0.6 %

Shares of United Rentals stock traded up $3.67 during mid-day trading on Wednesday, hitting $642.29. 609,168 shares of the stock were exchanged, compared to its average volume of 695,702. The company has a 50-day simple moving average of $726.21 and a 200 day simple moving average of $769.89. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $41.95 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 18.48%.

Institutional Trading of United Rentals

A number of hedge funds have recently added to or reduced their stakes in the business. Rialto Wealth Management LLC purchased a new position in shares of United Rentals during the 4th quarter worth about $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals during the fourth quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. boosted its holdings in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after purchasing an additional 29 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals in the 3rd quarter valued at $31,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on URI shares. Morgan Stanley decreased their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Truist Financial reiterated a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Company Profile

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.