TD Private Client Wealth LLC Sells 17 Shares of United Rentals, Inc. (NYSE:URI)

TD Private Client Wealth LLC cut its stake in United Rentals, Inc. (NYSE:URI) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,716 shares of the construction company’s stock after selling 17 shares during the period. TD Private Client Wealth LLC’s holdings in United Rentals were worth $1,209,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in shares of United Rentals during the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new position in shares of United Rentals during the 4th quarter worth approximately $26,000. Hanson & Doremus Investment Management bought a new position in shares of United Rentals during the 4th quarter worth approximately $33,000. Kestra Investment Management LLC bought a new position in shares of United Rentals during the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new position in shares of United Rentals during the 4th quarter worth 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 firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of a number of research analyst reports. Bank of America cut their price target on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a report on Friday. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Evercore ISI cut their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Truist Financial reiterated a “buy” rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, 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, January 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $815.67.

United Rentals Trading Down 0.3 %

NYSE URI opened at $628.63 on Friday. The firm has a market capitalization of $41.05 billion, a P/E ratio of 16.22, a PEG ratio of 1.43 and a beta of 1.76. The business has a fifty day simple moving average of $696.39 and a 200 day simple moving average of $756.77. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal 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 given a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. United Rentals’s dividend payout ratio (DPR) is currently 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.