Sanibel Captiva Trust Company Inc. Buys 32 Shares of United Rentals, Inc. (NYSE:URI)

Sanibel Captiva Trust Company Inc. grew its stake in United Rentals, Inc. (NYSE:URI) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,226 shares of the construction company’s stock after acquiring an additional 32 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in United Rentals were worth $2,273,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. ORG Wealth Partners LLC purchased a new position in United Rentals in the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals in the 3rd quarter valued at about $31,000. Carmichael Hill & Associates Inc. grew its position 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 worth $36,000 after buying an additional 20 shares during the last quarter. HM Payson & Co. bought a new position in shares of United Rentals during the 3rd quarter worth approximately $41,000. Finally, Trust Co. of Vermont raised its stake in shares of United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after acquiring an additional 60 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 1.8 %

URI stock opened at $770.81 on Friday. The company has a market capitalization of $50.58 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a 12 month low of $553.22 and a 12 month high of $896.98. The firm’s fifty day simple moving average is $778.79 and its 200-day simple moving average is $761.58. 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 (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business posted $11.73 earnings per share. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.85%. United Rentals’s dividend payout ratio is presently 17.03%.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on URI. Citigroup cut their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Bank of America upped their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Truist Financial lowered their price target on United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a report on Thursday. Barclays upped their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $805.08.

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.