274 Shares in United Rentals, Inc. (NYSE:URI) Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 3rd quarter, Holdings Channel reports. The firm acquired 274 shares of the construction company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of United Rentals by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,922 shares of the construction company’s stock worth $5,713,000 after purchasing an additional 423 shares during the period. Diversified Trust Co increased its position in United Rentals by 7.9% during the first quarter. Diversified Trust Co now owns 1,449 shares of the construction company’s stock valued at $1,045,000 after acquiring an additional 106 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in United Rentals by 31.3% during the first quarter. SeaCrest Wealth Management LLC now owns 672 shares of the construction company’s stock valued at $485,000 after acquiring an additional 160 shares during the last quarter. Norden Group LLC purchased a new stake in shares of United Rentals in the first quarter valued at $312,000. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of United Rentals by 14.2% in the 1st quarter. First Trust Direct Indexing L.P. now owns 2,483 shares of the construction company’s stock worth $1,791,000 after acquiring an additional 308 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on URI shares. Truist Financial increased their price objective on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Robert W. Baird upped their price objective on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group lifted their target price on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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 nine have assigned a buy rating to the company. According to MarketBeat.com, United Rentals presently has an average rating of “Hold” and an average target price of $742.50.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was 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 owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

United Rentals Price Performance

NYSE URI opened at $812.44 on Wednesday. The company has a market cap of $53.31 billion, a PE ratio of 21.22, a P/E/G ratio of 1.87 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $395.44 and a 52-week high of $861.74. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The firm’s 50 day moving average price is $776.69 and its 200-day moving average price is $710.38.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $11.73 EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.31 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.80%. United Rentals’s dividend payout ratio is presently 17.03%.

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.