Brown Financial Advisors Grows Stake in United Rentals, Inc. (NYSE:URI)

Brown Financial Advisors grew its holdings in United Rentals, Inc. (NYSE:URI) by 5.1% during the third quarter, HoldingsChannel reports. The fund owned 1,757 shares of the construction company’s stock after purchasing an additional 86 shares during the period. Brown Financial Advisors’ holdings in United Rentals were worth $1,422,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. lifted its position in United Rentals by 4.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,450 shares of the construction company’s stock worth $1,989,000 after acquiring an additional 115 shares during the period. RB Capital Management LLC raised its stake in shares of United Rentals by 5.1% during the 3rd quarter. RB Capital Management LLC now owns 2,730 shares of the construction company’s stock worth $2,211,000 after buying an additional 132 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of United Rentals by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock worth $1,264,326,000 after buying an additional 9,256 shares in the last quarter. M&T Bank Corp raised its stake in shares of United Rentals by 4.6% during the 3rd quarter. M&T Bank Corp now owns 5,511 shares of the construction company’s stock worth $4,463,000 after buying an additional 244 shares in the last quarter. Finally, Groupama Asset Managment raised its stake in shares of United Rentals by 9.3% during the 3rd quarter. Groupama Asset Managment now owns 48,367 shares of the construction company’s stock worth $39,164,000 after buying an additional 4,105 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’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 transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup increased their target price on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America increased their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI increased their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Robert W. Baird increased their target price on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Finally, Truist Financial raised their price objective on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average target price of $770.00.

United Rentals Price Performance

Shares of United Rentals stock opened at $796.23 on Wednesday. United Rentals, Inc. has a twelve month low of $491.60 and a twelve month high of $896.98. The stock has a market capitalization of $52.25 billion, a P/E ratio of 20.79, a PEG ratio of 2.01 and a beta of 1.66. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The business’s fifty day moving average price is $834.54 and its 200 day moving average price is $746.30.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.73 EPS. As a group, research analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

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

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.