International Assets Investment Management LLC Grows Stake in United Rentals, Inc. (NYSE:URI)

International Assets Investment Management LLC lifted its position in United Rentals, Inc. (NYSE:URI) by 82,462.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,606,661 shares of the construction company’s stock after buying an additional 1,604,715 shares during the period. International Assets Investment Management LLC’s holdings in United Rentals were worth $1,300,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.

United Rentals Trading Down 1.7 %

Shares of URI stock opened at $833.10 on Thursday. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $861.74. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The stock’s 50-day moving average price is $768.65 and its 200-day moving average price is $706.59. The stock has a market capitalization of $55.10 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm posted $9.88 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts predict that United Rentals, Inc. will post 44.38 EPS 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. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.78%. United Rentals’s dividend payout ratio (DPR) is presently 17.21%.

Analyst Ratings Changes

Several equities analysts recently weighed in on URI shares. Raymond James started coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. Citigroup boosted their price objective on United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, The Goldman Sachs Group boosted their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Three equities 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $714.92.

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.