Copley Financial Group Inc. Takes $207,000 Position in United Rentals, Inc. (NYSE:URI)

Copley Financial Group Inc. acquired a new position in United Rentals, Inc. (NYSE:URI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 256 shares of the construction company’s stock, valued at approximately $207,000.

Other institutional investors have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. acquired a new stake in shares of United Rentals during the second quarter worth approximately $206,000. ORG Partners LLC purchased a new position in shares of United Rentals during the 2nd quarter valued at $119,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of United Rentals by 38.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,826 shares of the construction company’s stock worth $1,828,000 after acquiring an additional 786 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of United Rentals by 9.9% during the second quarter. Assenagon Asset Management S.A. now owns 31,723 shares of the construction company’s stock worth $20,516,000 after acquiring an additional 2,854 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in United Rentals during the second quarter valued at $205,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on URI shares. Citigroup upped their target price on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America raised their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Argus increased their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Barclays upped their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and an average target price of $770.00.

United Rentals Stock Performance

NYSE:URI traded down $4.57 during mid-day trading on Friday, hitting $782.02. 26,654 shares of the company’s stock traded hands, compared to its average volume of 542,482. The firm has a market capitalization of $51.32 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.66. The firm has a 50 day moving average of $834.50 and a two-hundred day moving average of $746.93. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $533.70 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the company posted $11.73 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.83%. United Rentals’s payout ratio is 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.