Adero Partners LLC Takes $239,000 Position in United Rentals, Inc. (NYSE:URI)

Adero Partners LLC bought a new stake in United Rentals, Inc. (NYSE:URI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 295 shares of the construction company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Schear Investment Advisers LLC increased its stake in shares of United Rentals by 17.8% in the 3rd quarter. Schear Investment Advisers LLC now owns 1,668 shares of the construction company’s stock valued at $1,351,000 after buying an additional 252 shares during the period. Natixis Advisors LLC increased its stake in shares of United Rentals by 0.9% in the 3rd quarter. Natixis Advisors LLC now owns 63,256 shares of the construction company’s stock valued at $51,220,000 after buying an additional 538 shares during the period. Mizuho Securities USA LLC increased its stake in shares of United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after buying an additional 54,750 shares during the period. KCM Investment Advisors LLC acquired a new stake in shares of United Rentals in the 3rd quarter valued at $201,000. Finally, Empowered Funds LLC increased its stake in shares of United Rentals by 22.3% in the 3rd quarter. Empowered Funds LLC now owns 5,092 shares of the construction company’s stock valued at $4,123,000 after buying an additional 929 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of United Rentals stock opened at $836.00 on Monday. The firm has a market cap of $54.86 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. The stock’s 50-day moving average is $807.10 and its 200-day moving average is $726.74. United Rentals, Inc. has a one year low of $454.71 and a one year high of $896.98. 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 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 during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $11.73 earnings per share. Equities analysts predict that United Rentals, Inc. will post 43.55 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.78%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America raised their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird raised their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. The Goldman Sachs Group raised their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Citigroup raised 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. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $742.50.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals 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 sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company’s stock.

United Rentals 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.