Bfsg LLC Sells 53 Shares of United Rentals, Inc. (NYSE:URI)

Bfsg LLC decreased its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,258 shares of the construction company’s stock after selling 53 shares during the period. Bfsg LLC’s holdings in United Rentals were worth $2,638,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. First Financial Corp IN purchased a new stake in shares of United Rentals in the first quarter valued at about $25,000. Crewe Advisors LLC bought a new stake in United Rentals in the 1st quarter worth about $27,000. RFP Financial Group LLC increased its stake in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the last quarter. Rise Advisors LLC bought a new position in shares of United Rentals during the 1st quarter worth approximately $28,000. Finally, Riverview Trust Co purchased a new position in shares of United Rentals in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on URI shares. Raymond James assumed coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock. 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 research report on Monday, September 23rd. Truist Financial lifted their price objective on United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group increased their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird boosted their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $714.92.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. 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 is available through the SEC website. 0.49% of the stock is owned by company insiders.

United Rentals Price Performance

Shares of NYSE URI opened at $846.06 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $861.74. The company’s 50-day moving average is $754.34 and its 200 day moving average is $701.80. The stock has a market capitalization of $55.96 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.94 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.88 earnings per share. On average, sell-side analysts expect that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 17.21%.

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.