Firetrail Investments PTY Ltd. Trims Position in United Rentals, Inc. (NYSE:URI)

Firetrail Investments PTY Ltd. decreased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 14.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,248 shares of the construction company's stock after selling 1,935 shares during the period. United Rentals makes up 2.6% of Firetrail Investments PTY Ltd.'s investment portfolio, making the stock its 24th largest holding. Firetrail Investments PTY Ltd.'s holdings in United Rentals were worth $9,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of United Rentals by 11.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company's stock valued at $7,492,000 after purchasing an additional 964 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company's stock valued at $364,000 after purchasing an additional 136 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of United Rentals by 241.2% during the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company's stock valued at $3,504,000 after purchasing an additional 3,435 shares during the last quarter. BDF Gestion purchased a new position in shares of United Rentals during the second quarter valued at approximately $2,998,000. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of United Rentals by 48.1% during the first quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company's stock valued at $2,256,000 after purchasing an additional 1,016 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

URI has been the subject of several research reports. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Bank of America upped their target price 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. Robert W. Baird upped their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a report on Thursday, October 3rd. Finally, Evercore ISI upped their target price 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. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $742.50.

United Rentals Price Performance

United Rentals stock traded down $9.23 during mid-day trading on Thursday, reaching $849.60. 624,933 shares of the company's stock traded hands, compared to its average volume of 547,578. The company has a market cap of $55.75 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.03 and a beta of 1.68. The stock has a 50 day moving average of $804.01 and a two-hundred day moving average of $724.97. 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, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly 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 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%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $11.73 EPS. Equities analysts forecast that United Rentals, Inc. will post 43.66 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, November 13th. United Rentals's payout ratio is 17.03%.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals 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 completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by company insiders.

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.