Nations Financial Group Inc. IA ADV Acquires 51 Shares of United Rentals, Inc. (NYSE:URI)

Nations Financial Group Inc. IA ADV grew its stake in United Rentals, Inc. (NYSE:URI) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,523 shares of the construction company’s stock after acquiring an additional 51 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in United Rentals were worth $1,233,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in shares of United Rentals in the 1st quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals in the third quarter valued at approximately $31,000. RFP Financial Group LLC lifted its holdings in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. Finally, HM Payson & Co. bought a new stake in shares of United Rentals during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $868.60 on Wednesday. United Rentals, Inc. has a one year low of $453.23 and a one 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. The company has a market cap of $57.00 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.04 and a beta of 1.68. The firm has a 50 day simple moving average of $797.79 and a 200 day simple moving average of $723.15.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion for 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%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $11.73 EPS. Research analysts predict that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Insider Activity

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals 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 directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. 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. Robert W. Baird raised their price target 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. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Barclays lifted their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Finally, Evercore ISI increased their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Three equities research 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, United Rentals has a consensus rating of “Hold” and a consensus price target of $742.50.

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.