Centiva Capital LP acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,330 shares of the construction company's stock, valued at approximately $1,077,000.
A number of other hedge funds have also bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals in the 3rd quarter worth $31,000. RFP Financial Group LLC boosted its position in United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after purchasing an additional 22 shares during the last quarter. Carmichael Hill & Associates Inc. grew 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 valued at $36,000 after purchasing an additional 20 shares during the period. HM Payson & Co. purchased a new stake in shares of United Rentals during the 3rd quarter valued at about $41,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of United Rentals by 280.0% in 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. Hedge funds and other institutional investors own 96.26% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on URI shares. Truist Financial increased their price target on shares of United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Evercore ISI raised their target price on United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Barclays boosted their price target on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Bank of America raised their price objective on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Argus boosted their price objective on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Three 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's stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of "Hold" and an average target price of $767.86.
Read Our Latest Report on United Rentals
United Rentals Price Performance
NYSE URI traded up $3.93 on Friday, reaching $858.92. The company had a trading volume of 737,649 shares, compared to its average volume of 543,604. The stock has a market capitalization of $56.36 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.66. United Rentals, Inc. has a 12 month low of $475.52 and a 12 month high of $896.98. 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's 50 day moving average price is $833.32 and its 200 day moving average price is $742.38.
United Rentals (NYSE:URI - Get Free Report) 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 during the quarter, compared to analysts' expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $11.73 earnings per share. As a group, equities analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current year.
United Rentals Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio is presently 17.03%.
Insider Buying and Selling at United Rentals
In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business's 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 sale, the senior vice president now directly owns 2,044 shares of the company's stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.53% of the stock is owned by company insiders.
United Rentals Company Profile
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Free Report)
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.
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