United Rentals, Inc. (NYSE:URI) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in United Rentals, Inc. (NYSE:URI) by 23.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,200 shares of the construction company’s stock after selling 5,400 shares during the quarter. Two Sigma Advisers LP’s holdings in United Rentals were worth $13,927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. RFG Advisory LLC lifted its holdings in shares of United Rentals by 19.5% in the second quarter. RFG Advisory LLC now owns 1,756 shares of the construction company’s stock valued at $1,136,000 after purchasing an additional 286 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in United Rentals by 8.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,206 shares of the construction company’s stock valued at $780,000 after buying an additional 91 shares in the last quarter. Diversified Trust Co grew its holdings in United Rentals by 9.2% during the 2nd quarter. Diversified Trust Co now owns 1,582 shares of the construction company’s stock valued at $1,023,000 after buying an additional 133 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new position in United Rentals during the second quarter worth $206,000. Finally, ORG Partners LLC acquired a new position in shares of United Rentals in the second quarter worth $119,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Up 0.5 %

URI opened at $858.92 on Monday. United Rentals, Inc. has a 1 year low of $475.52 and a 1 year high of $896.98. The firm has a 50 day moving average price of $834.23 and a 200 day moving average price of $744.24. 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 company has a market cap of $56.36 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.66.

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 the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion during 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 was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $11.73 EPS. Sell-side analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on URI shares. Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Argus raised their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Citigroup boosted their price objective on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird upped their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Finally, Evercore ISI lifted their target price 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. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, United Rentals presently has a consensus rating of “Hold” and a consensus price target of $767.86.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the company’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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

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.