Souders Financial Advisors Sells 1,299 Shares of United Rentals, Inc. (NYSE:URI)

Souders Financial Advisors cut its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,096 shares of the construction company's stock after selling 1,299 shares during the quarter. Souders Financial Advisors' holdings in United Rentals were worth $2,181,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of URI. Proficio Capital Partners LLC acquired a new stake in shares of United Rentals during the fourth quarter worth $171,733,000. JPMorgan Chase & Co. increased its position in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after buying an additional 105,287 shares during the period. FMR LLC grew its holdings in United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after purchasing an additional 85,325 shares during the period. National Pension Service grew its holdings in United Rentals by 79.8% in the fourth quarter. National Pension Service now owns 167,813 shares of the construction company's stock worth $118,214,000 after purchasing an additional 74,479 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock worth $570,167,000 after purchasing an additional 66,957 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

URI has been the subject of a number of research reports. Truist Financial restated a "buy" rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Argus raised their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Morgan Stanley reduced their price target on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Citigroup reduced their price target 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $829.00.

United Rentals Stock Up 0.4 %

Shares of URI traded up $2.75 during trading hours on Friday, reaching $628.63. 1,000,664 shares of the stock traded hands, compared to its average volume of 727,954. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a fifty day simple moving average of $712.93 and a 200 day simple moving average of $765.21. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The company has a market cap of $41.05 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.79 per share. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is presently 18.48%.

Insider Activity 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 shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by insiders.

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.