Argent Capital Management LLC Sells 2,259 Shares of United Rentals, Inc. (NYSE:URI)

Argent Capital Management LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 163,522 shares of the construction company’s stock after selling 2,259 shares during the period. United Rentals accounts for approximately 3.7% of Argent Capital Management LLC’s holdings, making the stock its 4th biggest holding. Argent Capital Management LLC’s holdings in United Rentals were worth $132,409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Wealth Management LLC increased its position in shares of United Rentals by 69.2% in the third quarter. Jackson Wealth Management LLC now owns 8,598 shares of the construction company’s stock worth $6,962,000 after acquiring an additional 3,515 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in United Rentals by 35.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 6,047 shares of the construction company’s stock worth $4,896,000 after purchasing an additional 1,589 shares during the period. X Square Capital LLC increased its holdings in United Rentals by 3.2% in the 3rd quarter. X Square Capital LLC now owns 4,988 shares of the construction company’s stock valued at $4,039,000 after purchasing an additional 154 shares in the last quarter. Great Lakes Retirement Inc. raised its position in United Rentals by 1.3% in the third quarter. Great Lakes Retirement Inc. now owns 15,497 shares of the construction company’s stock valued at $12,548,000 after purchasing an additional 205 shares during the period. Finally, Brighton Jones LLC lifted its stake in shares of United Rentals by 13.6% during the third quarter. Brighton Jones LLC now owns 476 shares of the construction company’s stock worth $386,000 after purchasing an additional 57 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Robert W. Baird boosted their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. The Goldman Sachs Group boosted their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Truist Financial upped their price objective on shares of United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and a consensus target price of $728.86.

United Rentals Stock Performance

United Rentals stock traded down $16.62 during mid-day trading on Thursday, reaching $817.56. The company’s stock had a trading volume of 216,687 shares, compared to its average volume of 541,453. The firm has a market cap of $54.07 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.96 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $861.74. The business has a 50 day moving average price of $768.65 and a 200-day moving average price of $706.59. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm earned $9.88 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts predict that United Rentals, Inc. will post 44.38 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. United Rentals’s dividend payout ratio (DPR) is presently 17.21%.

Insider Buying and Selling

In other United Rentals 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 value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

United Rentals Company 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.