Umpqua Bank Sells 125 Shares of United Rentals, Inc. (NYSE:URI)

Umpqua Bank cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,563 shares of the construction company’s stock after selling 125 shares during the period. United Rentals comprises approximately 0.9% of Umpqua Bank’s investment portfolio, making the stock its 29th largest holding. Umpqua Bank’s holdings in United Rentals were worth $2,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Sei Investments Co. raised its stake in shares of United Rentals by 16.2% during the 4th quarter. Sei Investments Co. now owns 21,629 shares of the construction company’s stock worth $15,236,000 after purchasing an additional 3,021 shares during the period. Mizuho Securities USA LLC raised its stake in United Rentals by 44.0% in the 4th quarter. Mizuho Securities USA LLC now owns 6,219 shares of the construction company’s stock valued at $4,381,000 after acquiring an additional 1,901 shares during the period. Virtu Financial LLC bought a new stake in United Rentals in the 4th quarter valued at about $2,590,000. Quantbot Technologies LP bought a new stake in United Rentals in the 4th quarter valued at about $10,290,000. Finally, Independent Solutions Wealth Management LLC raised its stake in United Rentals by 4.8% in the 4th quarter. Independent Solutions Wealth Management LLC now owns 2,754 shares of the construction company’s stock valued at $1,940,000 after acquiring an additional 126 shares during the period. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 0.3 %

NYSE URI opened at $628.63 on Friday. The stock’s 50 day moving average is $696.39 and its 200 day moving average is $756.39. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98. The stock has a market cap of $41.05 billion, a PE ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is 18.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on URI shares. Truist Financial restated a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Bank of America cut their price objective on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. boosted their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Evercore ISI cut their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, Morgan Stanley lowered their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $815.67.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

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.