United Rentals, Inc. (NYSE:URI) Stock Position Raised by Sycomore Asset Management

Sycomore Asset Management raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 21.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,927 shares of the construction company’s stock after buying an additional 1,397 shares during the period. Sycomore Asset Management’s holdings in United Rentals were worth $6,363,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

URI has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Citigroup raised their price target on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI boosted their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, Truist Financial upped 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. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average price target of $742.50.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The shares were 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 $1,682,702.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

United Rentals Stock Performance

Shares of NYSE:URI traded down $11.95 during trading on Thursday, hitting $846.88. 214,771 shares of the stock were exchanged, compared to its average volume of 545,699. 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 capitalization of $55.57 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.68. United Rentals, Inc. has a 1-year low of $454.71 and a 1-year high of $896.98. The company’s fifty day simple moving average is $800.97 and its 200-day simple moving average is $724.10.

United Rentals (NYSE:URI) last announced its quarterly earnings results 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). 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 during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the firm earned $11.73 EPS. United Rentals’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Announces Dividend

The business 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 $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.77%. United Rentals’s dividend payout ratio is currently 17.03%.

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.