United Rentals, Inc. (NYSE:URI) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,083 shares of the construction company’s stock after selling 46 shares during the period. Lindbrook Capital LLC’s holdings in United Rentals were worth $1,467,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at about $26,000. Hanson & Doremus Investment Management purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $34,000. Promus Capital LLC purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $41,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $42,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on URI shares. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. Evercore ISI lowered their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Morgan Stanley lowered their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $829.00.

Insider Transactions at United Rentals

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

United Rentals Stock Up 6.0 %

Shares of United Rentals stock opened at $633.85 on Thursday. The company has a market capitalization of $41.39 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The company has a 50 day moving average of $714.93 and a 200 day moving average of $766.18.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed 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. This represents a $7.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is currently 18.48%.

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.