Bank of New Hampshire Sells 199 Shares of United Rentals, Inc. (NYSE:URI)

Bank of New Hampshire reduced its stake in shares of United Rentals, Inc. (NYSE:URIFree Report) by 5.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,278 shares of the construction company’s stock after selling 199 shares during the quarter. Bank of New Hampshire’s holdings in United Rentals were worth $2,364,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of URI. Capital Research Global Investors grew its stake in shares of United Rentals by 39.1% during the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after purchasing an additional 1,799,997 shares during the last quarter. Norges Bank bought a new position in United Rentals in the fourth quarter valued at approximately $977,443,000. International Assets Investment Management LLC boosted its stake in United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after acquiring an additional 1,041,281 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in United Rentals by 12.7% in the third quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company’s stock valued at $284,061,000 after acquiring an additional 72,066 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in United Rentals by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock valued at $714,578,000 after acquiring an additional 56,948 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now directly owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on URI shares. Stifel Nicolaus raised their price objective on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. The Goldman Sachs Group raised their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Truist Financial increased their target price on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. started coverage on shares of United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $612.73.

View Our Latest Research Report on URI

United Rentals Stock Down 0.6 %

Shares of NYSE:URI traded down $4.11 during midday trading on Friday, reaching $635.11. 209,548 shares of the company were exchanged, compared to its average volume of 571,421. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $732.37. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The stock has a fifty day simple moving average of $661.78 and a two-hundred day simple moving average of $637.83. The firm has a market cap of $42.29 billion, a PE ratio of 17.31, a P/E/G ratio of 2.09 and a beta of 1.75.

United Rentals (NYSE:URIGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the business earned $7.95 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that United Rentals, Inc. will post 43.87 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 annualized dividend and a yield of 1.03%. United Rentals’s payout ratio is currently 17.66%.

About United Rentals

(Free Report)

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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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