Hills Bank & Trust Co Sells 93 Shares of United Rentals, Inc. (NYSE:URI)

Hills Bank & Trust Co reduced its position in United Rentals, Inc. (NYSE:URI) by 19.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 397 shares of the construction company’s stock after selling 93 shares during the quarter. Hills Bank & Trust Co’s holdings in United Rentals were worth $280,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in United Rentals during the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new stake in United Rentals during the fourth quarter valued at approximately $26,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC bought a new stake in United Rentals during the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in United Rentals during the fourth quarter valued at approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Evercore ISI dropped their target price on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Truist Financial reissued a “buy” rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Finally, Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Up 4.9 %

Shares of United Rentals stock opened at $623.35 on Friday. 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 company’s fifty day simple moving average is $701.71 and its two-hundred day simple moving average is $760.44. The company has a market cap of $40.71 billion, a P/E ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS 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%. Research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is 18.48%.

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.