U.S. Capital Wealth Advisors LLC Sells 89 Shares of United Rentals, Inc. (NYSE:URI)

U.S. Capital Wealth Advisors LLC decreased its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,746 shares of the construction company’s stock after selling 89 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in United Rentals were worth $2,148,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after acquiring an additional 1,041,281 shares in the last quarter. Invesco Ltd. grew its position in shares of United Rentals by 19.1% in 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 during the period. Northern Trust Corp lifted its holdings in United Rentals by 1.5% in the 3rd quarter. Northern Trust Corp now owns 680,217 shares of the construction company’s stock valued at $302,404,000 after purchasing an additional 10,018 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of United Rentals by 12.7% during the 3rd 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 position in shares of United Rentals by 9.9% during 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 acquiring an additional 35,295 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on URI shares. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Evercore ISI increased their price target on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Stifel Nicolaus increased their price objective on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Wells Fargo & Company raised their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Robert W. Baird increased their price target on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research report on Friday, January 26th. Three research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $600.79.

Insider Activity at United Rentals

In other news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. Insiders sold 9,713 shares of company stock valued at $6,747,384 over the last 90 days. Insiders own 0.53% of the company’s stock.

United Rentals Stock Up 0.3 %

Shares of URI traded up $2.09 during mid-day trading on Friday, reaching $666.66. The company had a trading volume of 343,283 shares, compared to its average volume of 612,228. The firm has a 50-day moving average price of $683.37 and a 200 day moving average price of $587.50. The company has a market capitalization of $44.39 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82. United Rentals, Inc. has a 52 week low of $325.15 and a 52 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.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $7.95 earnings per share. On average, sell-side analysts forecast that United Rentals, Inc. will post 43.61 EPS for the current year.

United Rentals Dividend Announcement

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

United Rentals declared that its board has authorized a stock buyback plan on Wednesday, January 24th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

United Rentals 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.