Cumberland Advisors Inc. Has $5.90 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Cumberland Advisors Inc. cut its position in shares of United Rentals, Inc. (NYSE:URI) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,375 shares of the construction company’s stock after selling 20 shares during the quarter. United Rentals accounts for 2.4% of Cumberland Advisors Inc.’s portfolio, making the stock its 11th biggest holding. Cumberland Advisors Inc.’s holdings in United Rentals were worth $5,900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in URI. International Assets Investment Management LLC lifted its stake in United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after purchasing an additional 1,604,715 shares during the period. Marshall Wace LLP raised its stake in shares of United Rentals by 259.3% in the second 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 during the last quarter. JPMorgan Chase & Co. raised its stake in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after acquiring an additional 105,287 shares during the last quarter. AGF Management Ltd. raised its stake in shares of United Rentals by 4,778.7% in the second 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 last quarter. Finally, FMR LLC raised its stake in shares of United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after acquiring an additional 85,325 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 2.0 %

Shares of URI stock traded down $14.03 on Wednesday, hitting $671.38. The stock had a trading volume of 697,578 shares, compared to its average volume of 670,095. United Rentals, Inc. has a twelve month low of $536.83 and a twelve month high of $896.98. The firm has a market cap of $44.06 billion, a P/E ratio of 17.53, a PEG ratio of 1.83 and a beta of 1.69. 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 company has a fifty day moving average price of $797.13 and a two-hundred day moving average price of $758.28.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $11.73 EPS. As a group, 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. Investors of record on Wednesday, November 13th were given a $1.63 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.97%. United Rentals’s dividend payout ratio is currently 17.03%.

Insider Activity at United Rentals

In other United Rentals 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 transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on URI shares. 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 report on Thursday, October 3rd. Truist Financial boosted their price objective on shares of United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Argus boosted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $792.69.

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.