Independent Solutions Wealth Management LLC Reduces Stock Position in United Rentals, Inc. (NYSE:URI)

Independent Solutions Wealth Management LLC decreased its position in United Rentals, Inc. (NYSE:URI) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,628 shares of the construction company’s stock after selling 64 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in United Rentals were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in URI. RFP Financial Group LLC raised its position in shares of United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals in the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. lifted its stake in shares of United Rentals by 80.0% during the 3rd 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. HHM Wealth Advisors LLC lifted its stake in shares of United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the period. Finally, HM Payson & Co. acquired a new stake in shares of United Rentals during the third quarter worth $41,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Barclays increased their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Truist Financial increased their price target on shares of United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Robert W. Baird boosted 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. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, United Rentals currently has an average rating of “Hold” and a consensus target price of $770.71.

United Rentals Stock Down 1.5 %

Shares of NYSE:URI traded down $10.85 during mid-day trading on Thursday, hitting $713.30. 309,775 shares of the company traded hands, compared to its average volume of 543,547. The firm’s 50 day simple moving average is $830.91 and its 200 day simple moving average is $750.14. The firm has a market cap of $46.81 billion, a P/E ratio of 18.63, a PEG ratio of 1.83 and a beta of 1.66. 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, Inc. has a 52-week low of $533.70 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 34.73% and a net margin of 17.12%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $11.73 earnings per share. On average, equities analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.91%. United Rentals’s payout ratio is currently 17.03%.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% 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.