Warther Private Wealth LLC Sells 123 Shares of United Rentals, Inc. (NYSE:URI)

Warther Private Wealth LLC lessened its position in United Rentals, Inc. (NYSE:URI) by 17.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 583 shares of the construction company’s stock after selling 123 shares during the quarter. Warther Private Wealth LLC’s holdings in United Rentals were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in URI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of United Rentals by 0.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,758 shares of the construction company’s stock valued at $4,653,000 after purchasing an additional 43 shares during the period. Schroder Investment Management Group grew its position in shares of United Rentals by 97.4% during the 4th quarter. Schroder Investment Management Group now owns 93,571 shares of the construction company’s stock worth $33,257,000 after buying an additional 46,160 shares in the last quarter. LGT Group Foundation grew its position in shares of United Rentals by 12.3% during the 1st quarter. LGT Group Foundation now owns 6,226 shares of the construction company’s stock worth $2,464,000 after buying an additional 680 shares in the last quarter. AXS Investments LLC bought a new position in shares of United Rentals during the 4th quarter worth $41,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of United Rentals by 138.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 81 shares of the construction company’s stock worth $32,000 after buying an additional 47 shares in the last quarter. Institutional investors own 89.03% of the company’s stock.

Insiders Place Their Bets

In other news, COO Dale A. Asplund sold 14,157 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $475.27, for a total value of $6,728,397.39. Following the sale, the chief operating officer now directly owns 6,379 shares of the company’s stock, valued at approximately $3,031,747.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Down 1.5 %

Shares of URI stock traded down $6.69 during trading hours on Wednesday, reaching $450.46. 189,073 shares of the company’s stock were exchanged, compared to its average volume of 852,888. The stock’s 50 day moving average is $461.70 and its 200-day moving average is $412.30. The company has a market cap of $30.76 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.72 and a beta of 1.88. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a fifty-two week low of $256.23 and a fifty-two week high of $492.33.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $9.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.23 by $0.65. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.45 billion. United Rentals had a net margin of 17.34% and a return on equity of 36.67%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the company posted $7.86 earnings per share. Analysts predict that United Rentals, Inc. will post 40.6 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a $1.48 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.31%. United Rentals’s dividend payout ratio is currently 18.02%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on URI. StockNews.com began coverage on United Rentals in a research report on Thursday, August 17th. They set a “hold” rating on the stock. UBS Group lifted their price target on United Rentals from $458.00 to $527.00 in a report on Wednesday, July 12th. KeyCorp lifted their price target on United Rentals from $520.00 to $525.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Wells Fargo & Company lifted their price target on United Rentals from $490.00 to $495.00 in a report on Friday, July 28th. Finally, Credit Suisse Group lifted their price target on United Rentals from $482.00 to $521.00 in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $455.25.

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.