Archer Investment Corp Has $1.05 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Archer Investment Corp cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,291 shares of the construction company’s stock after selling 38 shares during the period. Archer Investment Corp’s holdings in United Rentals were worth $1,045,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in URI. International Assets Investment Management LLC boosted its holdings in United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the period. Capital International Investors bought a new position in United Rentals during the 1st quarter worth $332,349,000. AMF Tjanstepension AB increased its stake in United Rentals by 77.7% during the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after acquiring an additional 199,810 shares during the period. Marshall Wace LLP raised its holdings in United Rentals by 259.3% in the 2nd quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after acquiring an additional 108,360 shares in the last quarter. Finally, AGF Management Ltd. lifted its position in shares of United Rentals by 4,778.7% during the 2nd quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock valued at $67,048,000 after acquiring an additional 101,547 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 0.1 %

Shares of United Rentals stock traded up $0.83 on Friday, hitting $850.43. The stock had a trading volume of 33,061 shares, compared to its average volume of 545,261. The stock’s 50-day simple moving average is $804.01 and its two-hundred day simple moving average is $724.97. United Rentals, Inc. has a one year low of $454.71 and a one year high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The stock has a market cap of $55.81 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.01 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS 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 firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the company posted $11.73 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that United Rentals, Inc. will post 43.66 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.77%. United Rentals’s payout ratio is 17.03%.

Analysts Set New Price Targets

URI has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. 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. Citigroup raised their target price on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group increased their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, United Rentals presently has a consensus rating of “Hold” and a consensus price target of $742.50.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.

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.