GSG Advisors LLC Takes $805,000 Position in United Rentals, Inc. (NYSE:URI)

GSG Advisors LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 998 shares of the construction company's stock, valued at approximately $805,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of United Rentals in the first quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in United Rentals in the 3rd quarter valued at about $31,000. RFP Financial Group LLC lifted its stake 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 purchasing an additional 22 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its holdings 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 last quarter. Finally, HM Payson & Co. purchased a new stake in shares of United Rentals in the third quarter valued at approximately $41,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on URI. Barclays boosted their price objective on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. 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. Robert W. Baird increased their price target 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, Citigroup lifted their price target 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. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, United Rentals has a consensus rating of "Hold" and a consensus price target of $742.50.

United Rentals Stock Up 1.5 %

URI stock traded up $12.58 during midday trading on Friday, hitting $875.01. The company's stock had a trading volume of 468,375 shares, compared to its average volume of 579,704. United Rentals, Inc. has a 52-week low of $435.80 and a 52-week high of $888.62. The firm has a 50-day simple moving average of $791.80 and a 200-day simple moving average of $720.15. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $57.42 billion, a P/E ratio of 22.85, a PEG ratio of 2.04 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The company 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.73 earnings per share. As a group, equities analysts forecast that United Rentals, Inc. will post 43.66 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.75%. United Rentals's dividend payout ratio is currently 17.03%.

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.