Collective Family Office LLC trimmed its position in United Rentals, Inc. (NYSE:URI – Free Report) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,187 shares of the construction company’s stock after selling 25 shares during the quarter. Collective Family Office LLC’s holdings in United Rentals were worth $529,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. MUFG Americas Holdings Corp increased its position in United Rentals by 1,900.0% in the third quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock worth $27,000 after purchasing an additional 95 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of United Rentals during the 2nd quarter worth about $27,000. IAG Wealth Partners LLC acquired a new position in shares of United Rentals during the 1st quarter worth about $30,000. WealthPLAN Partners LLC acquired a new position in shares of United Rentals during the 1st quarter worth about $32,000. 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 during the period. 89.03% of the stock is currently owned by institutional investors and hedge funds.
United Rentals Stock Up 0.8 %
Shares of United Rentals stock traded up $3.80 on Monday, reaching $455.81. 265,946 shares of the company were exchanged, compared to its average volume of 850,074. United Rentals, Inc. has a one year low of $256.23 and a one year high of $492.33. The company has a market capitalization of $31.12 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.70 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. The company has a 50-day moving average of $462.69 and a 200 day moving average of $411.97.
United Rentals Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, August 8th. United Rentals’s payout ratio is presently 18.02%.
Insider Buying and Selling
In related news, COO Dale A. Asplund sold 14,157 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $475.27, for a total transaction of $6,728,397.39. Following the transaction, 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. 0.53% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on URI shares. UBS Group lifted their price objective on United Rentals from $458.00 to $527.00 in a report on Wednesday, July 12th. Robert W. Baird lifted their price objective on United Rentals from $300.00 to $320.00 and gave the company an “underperform” rating in a report on Thursday, July 27th. Wells Fargo & Company lifted their price objective on United Rentals from $490.00 to $495.00 in a report on Friday, July 28th. StockNews.com started coverage on United Rentals in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Citigroup lifted their price objective on United Rentals from $450.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $455.25.
About United Rentals
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.
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