William E. Grace Sells 1,100 Shares of United Rentals, Inc. (NYSE:URI) Stock

United Rentals, Inc. (NYSE:URI) CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United Rentals Stock Performance

NYSE:URI opened at $633.65 on Friday. The business’s 50-day moving average price is $723.03 and its two-hundred day moving average price is $768.06. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The stock has a market cap of $41.38 billion, a P/E ratio of 16.35, a PEG ratio of 1.43 and a beta of 1.68. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.13%. United Rentals’s dividend payout ratio is 18.48%.

Hedge Funds Weigh In On United Rentals

Institutional investors have recently modified their holdings of the company. Rialto Wealth Management LLC bought a new position in shares of United Rentals during the 4th quarter valued at about $25,000. ORG Wealth Partners LLC bought a new position in United Rentals during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals during the 3rd quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp bought a new position in United Rentals during the 4th quarter worth approximately $27,000. Finally, Meeder Asset Management Inc. grew its position in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after acquiring an additional 29 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Citigroup dropped their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Truist Financial reissued a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Evercore ISI dropped their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

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.