First Hawaiian Bank Has $2.62 Million Position in United Rentals, Inc. (NYSE:URI)

First Hawaiian Bank lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 19.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,630 shares of the construction company’s stock after selling 884 shares during the period. First Hawaiian Bank’s holdings in United Rentals were worth $2,618,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. AdvisorNet Financial Inc raised its position in shares of United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after buying an additional 20 shares during the last quarter. Private Wealth Management Group LLC acquired a new position in United Rentals in the fourth quarter worth about $34,000. Quarry LP acquired a new position in United Rentals in the fourth quarter worth about $36,000. Larson Financial Group LLC raised its position in United Rentals by 1,525.0% in the fourth quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock worth $37,000 after purchasing an additional 61 shares in the last quarter. Finally, Arlington Trust Co LLC raised its position in United Rentals by 50.0% in the fourth quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock worth $48,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

URI opened at $644.89 on Thursday. United Rentals, Inc. has a one year low of $387.01 and a one year high of $732.37. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The company’s 50 day simple moving average is $663.45 and its 200-day simple moving average is $637.77. The stock has a market capitalization of $42.94 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 2.09 and a beta of 1.75.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 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 business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the firm earned $7.95 earnings per share. United Rentals’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that United Rentals, Inc. will post 43.77 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a dividend of $1.63 per share. The ex-dividend date 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%.

Analyst Ratings Changes

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

Insider Activity

In related news, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Michael D. Durand sold 559 shares of United Rentals 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 transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of United Rentals 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 in the company, valued at $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

About United Rentals

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.