United Rentals, Inc. (NYSE:URI) Shares Sold by Condor Capital Management

by · The Cerbat Gem

Condor Capital Management decreased its holdings in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,347 shares of the construction company’s stock after selling 107 shares during the period. Condor Capital Management’s holdings in United Rentals were worth $5,176,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in URI. GSA Capital Partners LLP lifted its position in United Rentals by 54.2% in the third quarter. GSA Capital Partners LLP now owns 589 shares of the construction company’s stock valued at $477,000 after purchasing an additional 207 shares during the period. OneDigital Investment Advisors LLC lifted its position in United Rentals by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 650 shares of the construction company’s stock valued at $526,000 after purchasing an additional 20 shares during the period. Quest Partners LLC lifted its position in United Rentals by 4.5% in the third quarter. Quest Partners LLC now owns 890 shares of the construction company’s stock valued at $721,000 after purchasing an additional 38 shares during the period. Caprock Group LLC lifted its position in United Rentals by 4.2% in the third quarter. Caprock Group LLC now owns 4,507 shares of the construction company’s stock valued at $3,650,000 after purchasing an additional 183 shares during the period. Finally, Prospera Financial Services Inc lifted its position in United Rentals by 20.1% in the third quarter. Prospera Financial Services Inc now owns 933 shares of the construction company’s stock valued at $756,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on URI shares. Argus raised their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. 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. Morgan Stanley reduced their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Citigroup reduced their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

Get Our Latest Stock Analysis on URI

United Rentals Trading Up 3.0 %

Shares of URI opened at $627.42 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $698.05 and a 200-day simple moving average of $758.05. United Rentals, Inc. has a 1-year low of $585.27 and a 1-year high of $896.98. The stock has a market cap of $40.97 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76.

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

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by corporate insiders.

About United Rentals

(Free Report)

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.

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