Rep. Greg Landsman Sells Off Shares of United Rentals, Inc. (NYSE:URI)

Representative Greg Landsman (D-Ohio) recently sold shares of United Rentals, Inc. NYSE: URI. In a filing disclosed on January 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in United Rentals stock on December 19th. The trade occurred in the Representative's "ROCKEFELLER CAPITAL MANAGEMENT (1)" account.

Representative Greg Landsman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 12/19/2024.
• Purchased $1,001 - $15,000 in shares of United Rentals NYSE: URI on 11/8/2024.
• Sold $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Ameriprise Financial NYSE: AMP on 11/8/2024.

United Rentals Stock Performance

Shares of URI traded up $13.39 during midday trading on Friday, reaching $770.81. 897,099 shares of the stock were exchanged, compared to its average volume of 761,509. The stock's 50 day simple moving average is $780.86 and its 200 day simple moving average is $759.88. The company has a market cap of $50.58 billion, a P/E ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a twelve month low of $553.22 and a twelve month high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $11.73 earnings per share. On average, sell-side analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio is 17.03%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on URI shares. Argus increased their target price on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Truist Financial reduced their price objective on shares of United Rentals from $965.00 to $963.00 and set a "buy" rating on the stock in a research note on Thursday. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Finally, Citigroup lowered their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $805.08.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

Institutional Trading of United Rentals

Hedge funds have recently made changes to their positions in the company. FMR LLC boosted its position in United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after buying an additional 85,325 shares during the period. International Assets Investment Management LLC raised its stake in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after acquiring an additional 1,604,715 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of United Rentals by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock worth $1,264,326,000 after purchasing an additional 9,256 shares during the period. Franklin Resources Inc. grew its stake in shares of United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock worth $862,110,000 after purchasing an additional 57,002 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after purchasing an additional 105,287 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Landsman is also a member of the Cincinnati City Council in Ohio. He assumed office on January 2, 2018. His current term ends on January 1, 2024. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2024 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.

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.