Congress Wealth Management LLC DE Sells 108 Shares of United Rentals, Inc. (NYSE:URI)

Congress Wealth Management LLC DE reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,725 shares of the construction company’s stock after selling 108 shares during the quarter. Congress Wealth Management LLC DE’s holdings in United Rentals were worth $4,738,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in URI. Great Valley Advisor Group Inc. lifted its stake in United Rentals by 23.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 392 shares of the construction company’s stock valued at $318,000 after purchasing an additional 74 shares during the last quarter. Larson Financial Group LLC raised its stake in United Rentals by 105.0% in the third quarter. Larson Financial Group LLC now owns 615 shares of the construction company’s stock valued at $498,000 after buying an additional 315 shares during the period. Centaurus Financial Inc. lifted its position in shares of United Rentals by 10.5% in the third quarter. Centaurus Financial Inc. now owns 982 shares of the construction company’s stock valued at $795,000 after buying an additional 93 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of United Rentals by 7.6% during the 3rd quarter. Summit Trail Advisors LLC now owns 804 shares of the construction company’s stock worth $651,000 after acquiring an additional 57 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of United Rentals by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 43,650 shares of the construction company’s stock worth $35,346,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is owned by insiders.

United Rentals Stock Performance

URI opened at $653.71 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The firm has a market cap of $42.69 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The business’s fifty day moving average is $694.07 and its 200-day moving average is $756.62.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.10%. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on URI shares. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Citigroup reduced their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Bank of America reduced their price objective on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $804.15.

United Rentals 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.