Crestwood Advisors Group LLC Sells 442 Shares of United Rentals, Inc. (NYSE:URI)

Crestwood Advisors Group LLC reduced its position in United Rentals, Inc. (NYSE:URI) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,474 shares of the construction company’s stock after selling 442 shares during the period. Crestwood Advisors Group LLC’s holdings in United Rentals were worth $29,534,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Norden Group LLC purchased a new position in shares of United Rentals in the 1st quarter worth approximately $312,000. Graypoint LLC purchased a new position in United Rentals during the first quarter worth $205,000. Financial Counselors Inc. raised its position in United Rentals by 13.5% in the 1st quarter. Financial Counselors Inc. now owns 3,714 shares of the construction company’s stock worth $2,678,000 after purchasing an additional 442 shares during the period. Rehmann Capital Advisory Group bought a new stake in United Rentals in the first quarter worth about $262,000. Finally, Larson Financial Group LLC lifted its stake in United Rentals by 361.5% in the first quarter. Larson Financial Group LLC now owns 300 shares of the construction company’s stock worth $216,000 after purchasing an additional 235 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on URI shares. The Goldman Sachs Group increased their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays raised their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their target price 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. Robert W. Baird boosted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Finally, Bank of America raised their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Hold” and an average target price of $742.50.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company’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 value of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by insiders.

United Rentals Stock Performance

Shares of NYSE:URI traded up $3.80 on Tuesday, hitting $789.79. 26,463 shares of the company were exchanged, compared to its average volume of 540,853. 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 stock’s 50 day moving average price is $781.33 and its 200 day moving average price is $713.61. United Rentals, Inc. has a 1-year low of $432.82 and a 1-year high of $861.74. The firm has a market capitalization of $51.83 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.85 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.73 EPS. Sell-side analysts predict that United Rentals, Inc. will post 43.66 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.83%. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

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.