Cumberland Advisors Inc. Sells 20 Shares of United Rentals, Inc. (NYSE:URI)

Cumberland Advisors Inc. trimmed its position in United Rentals, Inc. (NYSE:URI) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 8,375 shares of the construction company’s stock after selling 20 shares during the quarter. United Rentals makes up approximately 2.4% of Cumberland Advisors Inc.’s portfolio, making the stock its 11th largest holding. Cumberland Advisors Inc.’s holdings in United Rentals were worth $5,900,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Range Financial Group LLC acquired a new position in United Rentals in the 4th quarter valued at about $387,000. Diversified Trust Co grew its stake in United Rentals by 42.1% in the 4th quarter. Diversified Trust Co now owns 2,240 shares of the construction company’s stock valued at $1,578,000 after buying an additional 664 shares during the last quarter. Burkett Financial Services LLC acquired a new position in United Rentals in the 4th quarter valued at about $100,000. Nordea Investment Management AB grew its stake in United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock valued at $517,018,000 after buying an additional 52,037 shares during the last quarter. Finally, Everence Capital Management Inc. grew its stake in United Rentals by 6.2% in the 4th quarter. Everence Capital Management Inc. now owns 1,880 shares of the construction company’s stock valued at $1,324,000 after buying an additional 110 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on URI shares. Robert W. Baird upped their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Citigroup increased their target price on shares of United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Truist Financial increased their target price on shares of United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays increased their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $792.69.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were 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 owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents 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 accessible through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Price Performance

NYSE:URI traded down $14.03 on Wednesday, hitting $671.38. The company had a trading volume of 697,578 shares, compared to its average volume of 670,095. The stock has a market capitalization of $44.06 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.83 and a beta of 1.69. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a 50 day moving average of $797.13 and a two-hundred day moving average of $758.28. United Rentals, Inc. has a 52 week low of $536.83 and a 52 week high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $11.73 EPS. On average, research analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

United Rentals Company 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.