HighTower Advisors LLC Sells 1,085 Shares of United Rentals, Inc. (NYSE:URI)

HighTower Advisors LLC reduced its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,158 shares of the construction company's stock after selling 1,085 shares during the period. HighTower Advisors LLC owned approximately 0.09% of United Rentals worth $49,435,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in URI. Simplicity Wealth LLC grew its position in United Rentals by 0.9% during the second quarter. Simplicity Wealth LLC now owns 2,223 shares of the construction company's stock worth $1,438,000 after buying an additional 20 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its position in shares of United Rentals by 7.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 1,073 shares of the construction company's stock worth $694,000 after purchasing an additional 73 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in United Rentals by 0.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,841 shares of the construction company's stock valued at $2,484,000 after purchasing an additional 17 shares in the last quarter. BDF Gestion bought a new stake in United Rentals during the second quarter valued at approximately $2,998,000. Finally, Gilman Hill Asset Management LLC increased its holdings in shares of United Rentals by 4.7% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 5,891 shares of the construction company's stock worth $3,810,000 after buying an additional 266 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Down 1.5 %

Shares of United Rentals stock traded down $13.25 during midday trading on Thursday, reaching $854.99. 343,308 shares of the company's stock traded hands, compared to its average volume of 542,779. The stock has a 50 day moving average of $832.29 and a 200-day moving average of $741.59. United Rentals, Inc. has a 12 month low of $475.43 and a 12 month high of $896.98. The company has a market cap of $56.11 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.04 and a beta of 1.66. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS 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 company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the company posted $11.73 earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts expect that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals's payout ratio is presently 17.03%.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the business's 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 sale, the senior vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on URI shares. Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Argus upped their price objective on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Truist Financial raised their price objective on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. Citigroup upped their target price on United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Barclays lifted their price target 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. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $751.67.

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.