Stonehage Fleming Financial Services Holdings Ltd Reduces Position in United Rentals, Inc. (NYSE:URI)

Stonehage Fleming Financial Services Holdings Ltd decreased its stake in shares of United Rentals, Inc. (NYSE:URIFree Report) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,724 shares of the construction company’s stock after selling 394 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in United Rentals were worth $989,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in URI. Hoylecohen LLC increased its stake in shares of United Rentals by 1.4% during the fourth quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock valued at $667,000 after acquiring an additional 16 shares during the period. Ballentine Partners LLC increased its stake in shares of United Rentals by 2.1% in the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock worth $510,000 after acquiring an additional 18 shares during the last quarter. DGS Capital Management LLC raised its holdings in United Rentals by 1.3% during the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after buying an additional 18 shares in the last quarter. Oak Ridge Investments LLC boosted its stake in shares of United Rentals by 0.3% during the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock worth $3,335,000 after acquiring an additional 20 shares in the last quarter. Finally, Caprock Group LLC raised its stake in shares of United Rentals by 2.3% in the 4th quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Matthew John Flannery sold 8,379 shares of the business’s 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly owns 8,052 shares in the company, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Analysis on United Rentals

United Rentals Price Performance

United Rentals stock traded up $12.88 during trading hours on Friday, hitting $643.40. 677,060 shares of the stock were exchanged, compared to its average volume of 431,329. United Rentals, Inc. has a 12 month low of $382.24 and a 12 month high of $732.37. The business’s 50-day moving average is $673.51 and its two-hundred day moving average is $627.72. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The stock has a market capitalization of $42.84 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.05 and a beta of 1.75.

United Rentals (NYSE:URIGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the firm earned $7.95 EPS. The company’s revenue was up 6.1% on a year-over-year basis. Equities research analysts expect that United Rentals, Inc. will post 43.61 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 1.01%. United Rentals’s dividend payout ratio (DPR) 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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