Condor Capital Management Sells 137 Shares of United Rentals, Inc. (NYSE:URI)

Condor Capital Management decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,465 shares of the construction company’s stock after selling 137 shares during the period. Condor Capital Management’s holdings in United Rentals were worth $4,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of URI. HBK Sorce Advisory LLC lifted its stake in shares of United Rentals by 5.4% in the 2nd quarter. HBK Sorce Advisory LLC now owns 446 shares of the construction company’s stock valued at $288,000 after purchasing an additional 23 shares during the period. Federated Hermes Inc. lifted its position in United Rentals by 11.8% during the second quarter. Federated Hermes Inc. now owns 23,054 shares of the construction company’s stock valued at $14,910,000 after purchasing an additional 2,438 shares during the period. GHP Investment Advisors Inc. grew its holdings in shares of United Rentals by 4.1% in the second quarter. GHP Investment Advisors Inc. now owns 13,648 shares of the construction company’s stock worth $8,827,000 after acquiring an additional 536 shares during the period. Meeder Advisory Services Inc. increased its position in shares of United Rentals by 36.0% during the 2nd quarter. Meeder Advisory Services Inc. now owns 2,383 shares of the construction company’s stock valued at $1,541,000 after purchasing an additional 631 shares during the last quarter. Finally, Eagle Strategies LLC bought a new position in United Rentals in the second quarter worth approximately $240,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the sale, the senior vice president now 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 available at the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on URI shares. JPMorgan Chase & Co. began coverage on United Rentals in a research note on Friday, June 7th. They issued an “overweight” rating and a $780.00 price target for the company. Raymond James began coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. Truist Financial raised their price target on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup started coverage on shares of United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $675.15.

United Rentals Trading Up 2.4 %

URI stock opened at $729.47 on Friday. The firm has a market cap of $48.58 billion, a P/E ratio of 19.76, a PEG ratio of 1.64 and a beta of 1.68. The company’s 50-day simple moving average is $710.11 and its 200-day simple moving average is $684.42. 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 52-week low of $387.01 and a 52-week high of $789.80.

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

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a $1.63 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.89%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

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.