Retireful LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Retireful LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 861 shares of the construction company’s stock, valued at approximately $697,000.

Several other hedge funds have also added to or reduced their stakes in URI. First Horizon Advisors Inc. boosted its stake in shares of United Rentals by 3.5% in the third quarter. First Horizon Advisors Inc. now owns 565 shares of the construction company’s stock valued at $458,000 after buying an additional 19 shares during the period. Advisors Asset Management Inc. increased its position in shares of United Rentals by 2.6% in the third quarter. Advisors Asset Management Inc. now owns 14,630 shares of the construction company’s stock worth $11,846,000 after purchasing an additional 365 shares during the period. PCJ Investment Counsel Ltd. increased its position in shares of United Rentals by 9.8% in the third quarter. PCJ Investment Counsel Ltd. now owns 8,970 shares of the construction company’s stock worth $7,263,000 after purchasing an additional 800 shares during the period. Premier Fund Managers Ltd lifted its position in United Rentals by 7.1% during the third quarter. Premier Fund Managers Ltd now owns 24,350 shares of the construction company’s stock worth $19,832,000 after purchasing an additional 1,604 shares during the period. Finally, Avior Wealth Management LLC lifted its position in United Rentals by 24.0% during the third quarter. Avior Wealth Management LLC now owns 217 shares of the construction company’s stock worth $176,000 after purchasing an additional 42 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. 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 report on Friday, October 25th. Barclays raised their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Bank of America boosted 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. The Goldman Sachs Group increased their price objective on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Robert W. Baird increased their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, United Rentals has a consensus rating of “Hold” and an average target price of $742.50.

United Rentals Trading Down 1.4 %

NYSE:URI opened at $821.16 on Wednesday. United Rentals, Inc. has a 52 week low of $454.71 and a 52 week high of $896.98. 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 firm’s fifty day moving average is $812.18 and its 200-day moving average is $729.02. The firm has a market cap of $53.88 billion, a P/E ratio of 21.45, a P/E/G ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings results 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). 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%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $11.73 earnings per share. Equities analysts expect that United Rentals, Inc. will post 43.55 earnings per share for the current year.

United Rentals Announces Dividend

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 issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

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.