UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 544 Shares of United Rentals, Inc. (NYSE:URI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 513,432 shares of the construction company’s stock after selling 544 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.78% of United Rentals worth $415,741,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of URI. Atria Investments Inc boosted its holdings in shares of United Rentals by 24.5% during the 1st quarter. Atria Investments Inc now owns 3,865 shares of the construction company’s stock worth $2,787,000 after buying an additional 761 shares during the period. Invst LLC bought a new stake in shares of United Rentals during the 1st quarter worth about $221,000. Cetera Investment Advisers boosted its holdings in shares of United Rentals by 155.0% during the 1st quarter. Cetera Investment Advisers now owns 26,178 shares of the construction company’s stock worth $18,877,000 after buying an additional 15,913 shares during the period. Cetera Advisors LLC boosted its holdings in shares of United Rentals by 146.6% during the 1st quarter. Cetera Advisors LLC now owns 6,176 shares of the construction company’s stock worth $4,454,000 after buying an additional 3,672 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of United Rentals by 50.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 175 shares of the construction company’s stock worth $117,000 after buying an additional 59 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were 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. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by corporate insiders.

United Rentals Price Performance

URI stock opened at $856.98 on Friday. The company has a 50 day simple moving average of $825.56 and a 200 day simple moving average of $735.67. The stock has a market cap of $56.24 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 2.01 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 company 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.73 earnings per share. Research analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio is 17.03%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on URI. Robert W. Baird lifted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Citigroup lifted their price objective on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays lifted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, Truist Financial lifted their price objective on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $751.67.

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.