Central Bank & Trust Co. Sells 5,824 Shares of United Rentals, Inc. (NYSE:URI)

Central Bank & Trust Co. lessened its holdings in United Rentals, Inc. (NYSE:URI) by 27.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,717 shares of the construction company’s stock after selling 5,824 shares during the quarter. United Rentals accounts for approximately 1.6% of Central Bank & Trust Co.’s holdings, making the stock its 17th biggest holding. Central Bank & Trust Co.’s holdings in United Rentals were worth $11,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of URI. Louisiana State Employees Retirement System bought a new stake in shares of United Rentals in the 4th quarter worth about $2,351,000. Verdence Capital Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $257,000. Pinnacle Associates Ltd. grew its holdings in shares of United Rentals by 55.5% in the 4th quarter. Pinnacle Associates Ltd. now owns 6,413 shares of the construction company’s stock worth $3,677,000 after purchasing an additional 2,289 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of United Rentals by 46.2% in the 4th quarter. Victory Capital Management Inc. now owns 99,372 shares of the construction company’s stock worth $56,982,000 after purchasing an additional 31,398 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $779,000. Institutional investors own 96.26% of the company’s stock.

Insider Activity

In other news, CEO Matthew John Flannery sold 8,379 shares of the company’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 document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following 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. 0.53% of the stock is currently owned by company insiders.

United Rentals Trading Up 0.2 %

United Rentals stock traded up $1.56 during trading hours on Friday, reaching $640.78. 725,382 shares of the company’s stock traded hands, compared to its average volume of 586,364. 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, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $732.37. The firm has a market capitalization of $42.67 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.07 and a beta of 1.75. The firm’s 50 day moving average is $661.08 and its 200-day moving average is $640.01.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 36.44% and a net margin of 17.31%. United Rentals’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 EPS. On average, analysts predict that United Rentals, Inc. will post 43.87 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.02%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price on the stock. Stifel Nicolaus upped their price target 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. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. The Goldman Sachs Group upped their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Truist Financial upped their price target on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and an average price target of $612.73.

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.