Whittier Trust Co. of Nevada Inc. Acquires 539 Shares of United Rentals, Inc. (NYSE:URI)

Whittier Trust Co. of Nevada Inc. raised its stake in United Rentals, Inc. (NYSE:URI) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,734 shares of the construction company’s stock after acquiring an additional 539 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in United Rentals were worth $16,789,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of URI. Ameritas Advisory Services LLC grew its stake in United Rentals by 3.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after purchasing an additional 14 shares during the last quarter. Duncker Streett & Co. Inc. boosted its stake in shares of United Rentals by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after buying an additional 14 shares during the last quarter. IAM Advisory LLC raised its holdings in United Rentals by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after purchasing an additional 14 shares during the period. CVA Family Office LLC raised its holdings in shares of United Rentals by 1.7% during the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after acquiring an additional 14 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in United Rentals by 3.7% in the first quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock worth $301,000 after acquiring an additional 15 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

URI has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Raymond James initiated coverage on shares of United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. Citigroup boosted their price objective on shares of United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Finally, Evercore ISI boosted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and a consensus target price of $714.92.

United Rentals Stock Performance

URI traded down $8.48 during trading hours on Monday, hitting $830.79. 208,847 shares of the stock were exchanged, compared to its average volume of 539,571. The stock has a 50-day simple moving average of $760.25 and a 200-day simple moving average of $703.75. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $861.74. The stock has a market cap of $54.95 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.94 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $9.88 earnings per share. Analysts anticipate that United Rentals, Inc. will post 44.38 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Wednesday, August 14th. United Rentals’s payout ratio is 17.21%.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently 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.