United Rentals, Inc. (NYSE:URI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in United Rentals, Inc. (NYSE:URI) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,402 shares of the construction company’s stock after selling 412 shares during the period. Mutual of America Capital Management LLC’s holdings in United Rentals were worth $5,434,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Financial Corp IN acquired a new stake in United Rentals during the first quarter worth approximately $25,000. Crewe Advisors LLC purchased a new position in shares of United Rentals during the 1st quarter worth $27,000. RFP Financial Group LLC boosted its holdings in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of United Rentals in the first quarter valued at $28,000. Finally, Riverview Trust Co purchased a new stake in shares of United Rentals in the first quarter valued at $31,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on URI shares. The Goldman Sachs Group raised their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI boosted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Truist Financial increased their target price on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Raymond James initiated coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $675.15.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by company insiders.

United Rentals Stock Down 1.3 %

NYSE URI opened at $783.60 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $801.39. The business has a 50 day moving average price of $720.19 and a two-hundred day moving average price of $686.67. The stock has a market cap of $52.18 billion, a PE ratio of 21.22, a P/E/G ratio of 1.72 and a beta of 1.68.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the business earned $9.88 EPS. The business’s revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio is currently 17.66%.

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.