Dakota Wealth Management Sells 6,916 Shares of United Rentals, Inc. (NYSE:URI)

Dakota Wealth Management cut its position in United Rentals, Inc. (NYSE:URI) by 62.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,144 shares of the construction company’s stock after selling 6,916 shares during the quarter. Dakota Wealth Management’s holdings in United Rentals were worth $2,919,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals in the 3rd quarter valued at about $31,000. Carmichael Hill & Associates Inc. raised its holdings in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares in the last quarter. HM Payson & Co. bought a new stake in shares of United Rentals during the 3rd quarter valued at about $41,000. Finally, Trust Co. of Vermont grew 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 worth $49,000 after purchasing an additional 60 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 transaction of $740,916.00. Following the transaction, the senior vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.

United Rentals Stock Down 0.7 %

Shares of NYSE:URI opened at $783.55 on Thursday. The stock’s 50-day moving average is $773.62 and its 200 day moving average is $764.39. The company has a market cap of $51.42 billion, a PE ratio of 20.46, a P/E/G ratio of 1.75 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a 1 year low of $574.09 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.73 EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 43.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on URI shares. Citigroup dropped their target price 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, January 14th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Truist Financial lowered their price target on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $805.08.

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.