L & S Advisors Inc bought a new stake in shares of United Rentals, Inc. (NYSE:URI – Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 8,133 shares of the construction company’s stock, valued at approximately $6,586,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC boosted its position in United Rentals by 8.4% during the third quarter. LPL Financial LLC now owns 124,946 shares of the construction company’s stock worth $101,173,000 after acquiring an additional 9,684 shares during the last quarter. Trustmark National Bank Trust Department lifted its holdings in shares of United Rentals by 0.9% during the 3rd quarter. Trustmark National Bank Trust Department now owns 6,822 shares of the construction company’s stock worth $5,524,000 after acquiring an additional 58 shares during the period. Moors & Cabot Inc. boosted its position in shares of United Rentals by 1.8% in the third quarter. Moors & Cabot Inc. now owns 17,580 shares of the construction company’s stock worth $14,235,000 after acquiring an additional 309 shares during the last quarter. Retireful LLC acquired a new stake in shares of United Rentals in the third quarter worth approximately $697,000. Finally, First Horizon Advisors Inc. increased its position in United Rentals by 3.5% during the third quarter. First Horizon Advisors Inc. now owns 565 shares of the construction company’s stock worth $458,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Bank of America increased their target price 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. Barclays raised their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Citigroup upped their price target on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $751.67.
United Rentals Price Performance
URI opened at $825.50 on Thursday. The stock has a market capitalization of $54.17 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 1.93 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company’s 50 day simple moving average is $814.46 and its 200-day simple moving average is $729.65. United Rentals, Inc. has a one year low of $454.71 and a one year high of $896.98.
United Rentals (NYSE:URI – Get Free Report) last posted its earnings results 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 return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business posted $11.73 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate 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 will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.
Insider Buying and Selling
In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by corporate insiders.
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.
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