United Rentals, Inc. (NYSE:URI) Shares Sold by James Investment Research Inc.

James Investment Research Inc. lowered its position in United Rentals, Inc. (NYSE:URI) by 1.0% in the third quarter, HoldingsChannel reports. The fund owned 12,225 shares of the construction company’s stock after selling 126 shares during the quarter. United Rentals accounts for about 1.1% of James Investment Research Inc.’s portfolio, making the stock its 21st largest position. James Investment Research Inc.’s holdings in United Rentals were worth $9,899,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after acquiring an additional 964 shares during the period. Essex Financial Services Inc. raised its position in shares of United Rentals by 31.9% in the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock worth $364,000 after acquiring an additional 136 shares during the period. Forsta AP Fonden raised its position in shares of United Rentals by 2.8% in the first quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock worth $10,528,000 after acquiring an additional 400 shares during the period. Tidal Investments LLC raised its position in shares of United Rentals by 241.2% during the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after purchasing an additional 3,435 shares during the last quarter. Finally, BDF Gestion acquired a new position in shares of United Rentals during the 2nd quarter worth about $2,998,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on URI shares. Citigroup upped their price target on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI upped their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, The Goldman Sachs Group upped their price target 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. Three research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $742.50.

United Rentals Stock Performance

NYSE:URI opened at $793.47 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market capitalization of $52.07 billion, a P/E ratio of 20.72, a PEG ratio of 1.90 and a beta of 1.68. The company has a 50 day moving average price of $781.33 and a 200 day moving average price of $712.68. United Rentals, Inc. has a fifty-two week low of $419.81 and a fifty-two week high of $861.74.

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

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.82%. United Rentals’s dividend payout ratio (DPR) 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.