Boston Common Asset Management LLC Sells 703 Shares of United Rentals, Inc. (NYSE:URI)

Boston Common Asset Management LLC reduced its holdings in United Rentals, Inc. (NYSE:URI) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,862 shares of the construction company’s stock after selling 703 shares during the quarter. Boston Common Asset Management LLC’s holdings in United Rentals were worth $7,652,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in URI. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in United Rentals in the third quarter worth $31,000. Carmichael Hill & Associates Inc. grew its holdings in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. HM Payson & Co. bought a new stake in United Rentals in the third quarter valued at $41,000. Finally, Trust Co. of Vermont raised its holdings in shares of United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after purchasing an additional 60 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

United Rentals Stock Up 1.8 %

United Rentals stock opened at $770.81 on Friday. United Rentals, Inc. has a fifty-two week low of $553.22 and a fifty-two week high of $896.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The firm’s 50-day simple moving average is $778.79 and its 200 day simple moving average is $760.78. The stock has a market cap of $50.58 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $11.73 EPS. Research analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday. Truist Financial decreased their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Barclays raised their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $805.08.

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.