Icon Wealth Advisors LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Icon Wealth Advisors LLC bought a new position in United Rentals, Inc. (NYSE:URI) during the third quarter, Holdings Channel reports. The fund bought 127 shares of the construction company’s stock, valued at approximately $103,000.

Other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC raised its stake in United Rentals by 146.6% during the first quarter. Cetera Advisors LLC now owns 6,176 shares of the construction company’s stock valued at $4,454,000 after buying an additional 3,672 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of United Rentals by 50.9% in the first quarter. EverSource Wealth Advisors LLC now owns 175 shares of the construction company’s stock worth $117,000 after acquiring an additional 59 shares during the last quarter. Transcend Capital Advisors LLC increased its holdings in shares of United Rentals by 20.8% during the second quarter. Transcend Capital Advisors LLC now owns 557 shares of the construction company’s stock valued at $360,000 after acquiring an additional 96 shares in the last quarter. GAMMA Investing LLC raised its position in shares of United Rentals by 14.5% in the 2nd quarter. GAMMA Investing LLC now owns 798 shares of the construction company’s stock worth $516,000 after purchasing an additional 101 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in United Rentals by 21.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 233 shares of the construction company’s stock worth $151,000 after purchasing an additional 41 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

URI has been the subject of a number of analyst reports. Evercore ISI raised their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Citigroup raised their price target on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Robert W. Baird lifted their target price on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $751.67.

Insiders Place Their Bets

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 transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

United Rentals Trading Up 1.1 %

Shares of URI stock opened at $866.00 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company has a market cap of $56.83 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.03 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $473.58 and a 1 year high of $896.98. The firm has a fifty day moving average price of $828.46 and a 200-day moving average price of $737.98.

United Rentals (NYSE:URI) last released its quarterly 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). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm posted $11.73 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 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.