United Rentals, Inc. (NYSE:URI) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its position in United Rentals, Inc. (NYSE:URI - Free Report) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,101 shares of the construction company's stock after selling 738 shares during the quarter. Captrust Financial Advisors' holdings in United Rentals were worth $18,706,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in URI. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals during the third quarter valued at approximately $31,000. RFP Financial Group LLC grew its position in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock valued at $27,000 after acquiring an additional 22 shares during the last quarter. Carmichael Hill & Associates Inc. increased its stake in United Rentals by 80.0% in the third 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. HM Payson & Co. purchased a new stake in United Rentals in the third quarter worth $41,000. Finally, HHM Wealth Advisors LLC lifted its position in shares of United Rentals by 280.0% during the second 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 last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Evercore ISI boosted their price target on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Barclays raised their price objective on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. Finally, Truist Financial increased their price target on United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $751.67.

United Rentals Stock Up 1.1 %

Shares of United Rentals stock traded up $9.02 during trading on Friday, reaching $866.00. The company's stock had a trading volume of 201,375 shares, compared to its average volume of 575,867. The company has a 50-day simple moving average of $828.46 and a two-hundred day simple moving average of $737.98. United Rentals, Inc. has a 1-year low of $473.58 and a 1-year high of $896.98. The company has a market cap of $56.83 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 2.03 and a beta of 1.68. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business posted $11.73 EPS. United Rentals's revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. 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 0.75%. United Rentals's payout ratio is 17.03%.

Insiders Place Their Bets

In related 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 transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.