Realta Investment Advisors Takes $230,000 Position in United Rentals, Inc. (NYSE:URI)

Realta Investment Advisors purchased a new stake in United Rentals, Inc. (NYSE:URI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 275 shares of the construction company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norden Group LLC acquired a new stake in United Rentals during the first quarter worth approximately $312,000. Private Advisor Group LLC grew its stake in United Rentals by 4.4% during the first quarter. Private Advisor Group LLC now owns 6,757 shares of the construction company’s stock worth $4,872,000 after purchasing an additional 282 shares during the period. Janney Montgomery Scott LLC grew its stake in United Rentals by 2.5% during the first quarter. Janney Montgomery Scott LLC now owns 24,058 shares of the construction company’s stock worth $17,349,000 after purchasing an additional 594 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in United Rentals by 4.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,920 shares of the construction company’s stock worth $1,385,000 after purchasing an additional 77 shares during the period. Finally, Choreo LLC boosted its holdings in United Rentals by 1.3% in the first quarter. Choreo LLC now owns 1,456 shares of the construction company’s stock worth $1,050,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Stock Down 2.4 %

Shares of United Rentals stock opened at $793.47 on Friday. The company’s 50 day moving average price is $781.33 and its 200-day moving average price is $712.68. United Rentals, Inc. has a 52-week low of $419.81 and a 52-week high of $861.74. The stock has a market capitalization of $52.07 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.90 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $11.73 EPS. Equities research analysts forecast that United Rentals, Inc. will post 43.66 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.82%. United Rentals’s payout ratio is currently 17.03%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Barclays raised their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Truist Financial raised their target price on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America raised their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Citigroup raised their target price on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, United Rentals has an average rating of “Hold” and an average target price of $742.50.

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.