Moss Adams Wealth Advisors LLC Sells 49 Shares of United Rentals, Inc. (NYSE:URI)

Moss Adams Wealth Advisors LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 516 shares of the construction company’s stock after selling 49 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in United Rentals were worth $296,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. OFI Invest Asset Management bought a new stake in shares of United Rentals in the third quarter valued at about $25,000. AdvisorNet Financial Inc boosted its position in United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after buying an additional 20 shares during the period. NBC Securities Inc. bought a new stake in United Rentals during the 3rd quarter worth approximately $29,000. Larson Financial Group LLC increased its position in United Rentals by 1,525.0% in the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock valued at $37,000 after acquiring an additional 61 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of United Rentals during the third quarter valued at $40,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other United Rentals news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the transaction, the chief financial officer now owns 6,323 shares in the company, valued at approximately $4,145,485.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold 9,713 shares of company stock valued at $6,747,384 in the last quarter. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird upped their target price on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a report on Friday, January 26th. Stifel Nicolaus lifted their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Truist Financial upped their price target on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. The Goldman Sachs Group lifted their price objective on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Oppenheimer restated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $600.79.

United Rentals Trading Up 0.5 %

Shares of URI stock traded up $3.57 on Wednesday, hitting $677.84. 437,999 shares of the company’s stock traded hands, compared to its average volume of 582,450. The stock has a market capitalization of $45.14 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.17 and a beta of 1.82. The company’s fifty day simple moving average is $683.58 and its 200 day simple moving average is $592.43. United Rentals, Inc. has a one year low of $325.91 and a one year high of $732.37. 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 (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the business earned $7.95 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts forecast that United Rentals, Inc. will post 43.61 EPS for the current year.

United Rentals announced that its board has authorized a share buyback program on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, May 7th. United Rentals’s payout ratio is 17.66%.

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.