United Rentals, Inc. (NYSE:URI) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors cut its position in United Rentals, Inc. (NYSE:URI) by 6.8% during the third quarter, HoldingsChannel.com reports. The fund owned 5,653 shares of the construction company’s stock after selling 411 shares during the period. TRUE Private Wealth Advisors’ holdings in United Rentals were worth $4,578,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in United Rentals during the 3rd quarter worth $31,000. RFP Financial Group LLC grew its stake in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares in the last quarter. Carmichael Hill & Associates Inc. raised its holdings in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares during the last quarter. HM Payson & Co. purchased a new position in United Rentals in the 3rd quarter worth approximately $41,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Robert W. Baird increased their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Truist Financial lifted their target price on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Argus raised their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus price target of $751.67.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

United Rentals Stock Up 1.0 %

United Rentals stock opened at $865.25 on Friday. The firm has a market capitalization of $56.78 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.01 and a beta of 1.68. The stock’s fifty day simple moving average is $826.83 and its 200-day simple moving average is $736.51. United Rentals, Inc. has a twelve month low of $473.58 and a twelve month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last issued 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 analysts’ expectations of $4.01 billion. During the same quarter last year, the company earned $11.73 EPS. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.75%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

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.