Hennion & Walsh Asset Management Inc. Has $4.90 Million Position in United Rentals, Inc. (NYSE:URI)

Hennion & Walsh Asset Management Inc. grew its position in United Rentals, Inc. (NYSE:URI) by 35.6% in the third quarter, HoldingsChannel.com reports. The fund owned 6,047 shares of the construction company’s stock after buying an additional 1,589 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in United Rentals were worth $4,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. First Financial Corp IN bought a new position in United Rentals during the first quarter worth about $25,000. Crewe Advisors LLC acquired a new stake in shares of United Rentals in the first quarter valued at approximately $27,000. RFP Financial Group LLC lifted its position in shares of United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the last quarter. Riverview Trust Co bought a new position in shares of United Rentals during the 1st quarter worth approximately $31,000. Finally, HHM Wealth Advisors LLC increased its holdings in shares of United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after acquiring an additional 42 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on URI. Truist Financial raised their price target on United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Evercore ISI lifted their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Robert W. Baird upped their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Citigroup upped their target price on United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $714.92.

United Rentals Stock Performance

URI opened at $833.10 on Thursday. The firm has a market cap of $55.10 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. The business’s fifty day moving average is $768.65 and its 200-day moving average is $706.59. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $861.74. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81.

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

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.78%. United Rentals’s dividend payout ratio (DPR) is 17.21%.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’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 completion of the sale, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

About United Rentals

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.