United Rentals, Inc. (NYSE:URI - Get Free Report) SVP Joli Gross sold 306 shares of the company's stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
United Rentals Trading Down 1.5%
United Rentals stock opened at $959.42 on Tuesday. The stock has a market cap of $60.11 billion, a P/E ratio of 24.47, a PEG ratio of 1.56 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $611.93 and a fifty-two week high of $1,021.47. The firm's fifty day moving average price is $797.24 and its 200-day moving average price is $840.42. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80.
United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $8.86 earnings per share. Equities research analysts forecast that United Rentals, Inc. will post 46.68 earnings per share for the current fiscal year.
United Rentals Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, May 13th. United Rentals's dividend payout ratio is 20.10%.
United Rentals declared that its board has authorized a stock buyback program on Wednesday, January 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC grew its position in United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company's stock valued at $29,000 after acquiring an additional 26 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of United Rentals during the third quarter valued at about $29,000. Aventura Private Wealth LLC bought a new position in shares of United Rentals during the fourth quarter valued at about $27,000. Cedar Mountain Advisors LLC bought a new position in shares of United Rentals during the third quarter valued at about $32,000. Finally, Core Wealth Advisors LLC bought a new position in shares of United Rentals during the fourth quarter valued at about $28,000. 96.26% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
URI has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an "overweight" rating in a research report on Friday. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the company an "outperform" rating in a research note on Thursday, April 9th. Wells Fargo & Company increased their target price on United Rentals from $995.00 to $1,071.00 and gave the company an "overweight" rating in a research note on Friday, January 23rd. UBS Group raised United Rentals from a "neutral" rating to a "buy" rating and set a $1,025.00 target price on the stock in a research note on Sunday, January 4th. Finally, Barclays increased their target price on United Rentals from $600.00 to $715.00 and gave the company an "underweight" 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 stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and an average target price of $986.35.
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About United Rentals
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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.
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