Captrust Financial Advisors Lowers Stock Position in United Rentals, Inc. (NYSE:URI)

Captrust Financial Advisors reduced its position in United Rentals, Inc. (NYSE:URI) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,101 shares of the construction company’s stock after selling 738 shares during the quarter. Captrust Financial Advisors’ holdings in United Rentals were worth $18,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its stake in shares of United Rentals by 24.5% in the 1st quarter. Atria Investments Inc now owns 3,865 shares of the construction company’s stock valued at $2,787,000 after purchasing an additional 761 shares in the last quarter. Cetera Investment Advisers grew its stake in United Rentals by 155.0% during the first quarter. Cetera Investment Advisers now owns 26,178 shares of the construction company’s stock worth $18,877,000 after buying an additional 15,913 shares during the period. Cetera Advisors LLC increased its position in shares of United Rentals by 146.6% in the first quarter. Cetera Advisors LLC now owns 6,176 shares of the construction company’s stock worth $4,454,000 after acquiring an additional 3,672 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of United Rentals by 50.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 175 shares of the construction company’s stock valued at $117,000 after acquiring an additional 59 shares during the period. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of United Rentals by 20.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 557 shares of the construction company’s stock valued at $360,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $866.00 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $56.83 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.03 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $473.58 and a twelve month high of $896.98. The business has a 50 day simple moving average of $828.46 and a 200-day simple moving average of $737.68.

United Rentals (NYSE:URI) last released its 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 net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the firm earned $11.73 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $1.63 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.75%. United Rentals’s payout ratio is currently 17.03%.

Analysts Set New Price Targets

URI has been the topic of several research reports. Evercore ISI raised their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Citigroup boosted their price target on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Truist Financial raised their price target on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $751.67.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

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.