United Rentals, Inc. (NYSE:URI) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC reduced its stake in shares of United Rentals, Inc. (NYSE:URIFree Report) by 48.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,625 shares of the construction company’s stock after selling 5,207 shares during the period. Gilman Hill Asset Management LLC’s holdings in United Rentals were worth $4,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. AdvisorNet Financial Inc boosted its stake in shares of United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after purchasing an additional 20 shares during the period. Rise Advisors LLC acquired a new position in United Rentals in the 1st quarter worth $28,000. Riverview Trust Co purchased a new position in United Rentals in the 1st quarter valued at about $31,000. Private Wealth Management Group LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at about $34,000. Finally, Quarry LP purchased a new stake in shares of United Rentals during the fourth quarter worth about $36,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at $72,341,742. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other United Rentals news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

URI has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Truist Financial lifted their price target on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Stifel Nicolaus boosted their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. began coverage on shares of United Rentals in a research note 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 assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $612.73.

Check Out Our Latest Research Report on URI

United Rentals Stock Performance

Shares of URI traded down $13.61 during midday trading on Tuesday, hitting $631.76. 177,865 shares of the stock traded hands, compared to its average volume of 570,718. The business’s 50 day moving average price is $660.65 and its two-hundred day moving average price is $642.30. The firm has a market capitalization of $42.07 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.07 and a beta of 1.75. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $732.37.

United Rentals (NYSE:URIGet Free Report) last posted its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the business posted $7.95 EPS. United Rentals’s revenue was up 6.1% on a year-over-year basis. Equities research analysts predict that United Rentals, Inc. will post 43.87 EPS for the current fiscal year.

United Rentals Announces Dividend

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

United Rentals Profile

(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.

See Also

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URIFree Report).

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

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