United Rentals, Inc. (NYSE:URI) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC lowered its stake in United Rentals, Inc. (NYSE:URI) by 25.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 332 shares of the construction company’s stock after selling 115 shares during the quarter. Integrated Investment Consultants LLC’s holdings in United Rentals were worth $269,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of URI. International Assets Investment Management LLC boosted its position in shares of 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 buying an additional 1,604,715 shares during the period. AMF Tjanstepension AB boosted its holdings in United Rentals by 77.7% during the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after acquiring an additional 199,810 shares during the period. Marshall Wace LLP grew its position in United Rentals by 259.3% in the 2nd 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 in the last quarter. AGF Management Ltd. increased its stake in United Rentals by 4,778.7% during the second quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock worth $67,048,000 after purchasing an additional 101,547 shares during the period. Finally, Swedbank AB acquired a new stake in shares of United Rentals during the first quarter worth about $41,731,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $849.03 on Friday. The stock has a market cap of $55.71 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.97 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $454.71 and a twelve month high of $896.98. The stock has a 50 day moving average of $819.40 and a two-hundred day moving average of $731.57. 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 (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS 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 analysts’ expectations of $4.01 billion. During the same quarter last year, the company earned $11.73 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Analyst Ratings Changes

URI has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. The Goldman Sachs Group boosted 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. Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Citigroup boosted their target price on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Robert W. Baird increased their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $751.67.

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 that occurred 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 transaction, 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 document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is owned by company 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.