Prime Capital Investment Advisors LLC Sells 259 Shares of United Rentals, Inc. (NYSE:URI)

Prime Capital Investment Advisors LLC lessened its holdings in United Rentals, Inc. (NYSE:URI) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,807 shares of the construction company’s stock after selling 259 shares during the period. Prime Capital Investment Advisors LLC’s holdings in United Rentals were worth $1,463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its position in shares of United Rentals by 48.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock valued at $2,256,000 after buying an additional 1,016 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in United Rentals by 5.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 557 shares of the construction company’s stock valued at $402,000 after purchasing an additional 30 shares in the last quarter. Cumberland Partners Ltd bought a new position in shares of United Rentals in the first quarter worth approximately $457,000. Pinkerton Retirement Specialists LLC purchased a new stake in shares of United Rentals in the first quarter worth $206,000. Finally, Spirepoint Private Client LLC bought a new stake in shares of United Rentals during the 1st quarter valued at $806,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of United Rentals stock opened at $849.60 on Friday. The stock has a 50 day moving average price of $804.01 and a 200-day moving average price of $724.97. United Rentals, Inc. has a one year low of $454.71 and a one year high of $896.98. The stock has a market cap of $55.75 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

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

United Rentals Dividend Announcement

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 given a dividend of $1.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.77%. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on URI shares. Evercore ISI increased their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Barclays increased their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Bank of America boosted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Truist Financial increased their price objective on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their target price 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. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $742.50.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

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.