United Rentals, Inc. (NYSE:URI) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its holdings in United Rentals, Inc. (NYSE:URI) by 3.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,266 shares of the construction company’s stock after selling 39 shares during the quarter. 180 Wealth Advisors LLC’s holdings in United Rentals were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in URI. ORG Wealth Partners LLC acquired a new position in United Rentals during the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals during the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. grew its holdings in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the period. HM Payson & Co. purchased a new position in United Rentals in the 3rd quarter valued at approximately $41,000. Finally, Trust Co. of Vermont increased its stake in United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on URI. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research note on Tuesday. Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial raised their price objective on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Barclays raised their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Finally, Citigroup raised their price target on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $817.75.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by insiders.

United Rentals Price Performance

Shares of United Rentals stock opened at $688.06 on Tuesday. United Rentals, Inc. has a twelve month low of $545.16 and a twelve month high of $896.98. The stock has a market capitalization of $45.15 billion, a P/E ratio of 17.97, a PEG ratio of 1.83 and a beta of 1.69. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The business’s fifty day moving average price is $787.08 and its 200 day moving average price is $759.44.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business posted $11.73 EPS. United Rentals’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is currently 17.03%.

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.