Allen Capital Group LLC Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

Allen Capital Group LLC increased its stake in United Rentals, Inc. (NYSE:URI) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 324 shares of the construction company’s stock after purchasing an additional 13 shares during the quarter. Allen Capital Group LLC’s holdings in United Rentals were worth $262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RFP Financial Group LLC boosted its holdings in United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals in the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. boosted its holdings in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the last quarter. HHM Wealth Advisors LLC boosted its holdings in United Rentals by 280.0% in the second 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. Finally, HM Payson & Co. purchased a new stake in United Rentals in the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly 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 filing with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Up 1.0 %

Shares of URI stock opened at $849.03 on Friday. The company has a market capitalization of $55.71 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.97 and a beta of 1.68. United Rentals, Inc. has a one year low of $454.71 and a one year high of $896.98. The company’s fifty day moving average price is $819.40 and its 200-day moving average price is $731.57. 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 announced 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). The firm had revenue of $3.99 billion for 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 firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.73 earnings per share. Sell-side analysts expect that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 yield of 0.77%. United Rentals’s dividend payout ratio is currently 17.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on URI shares. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird lifted their price target 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. The Goldman Sachs Group lifted their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Barclays lifted their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $751.67.

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.