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Icon Wealth Advisors LLC Makes New Investment in United Rentals, Inc. (NYSE:URI)

United Rentals logo with Construction background

Icon Wealth Advisors LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,049 shares of the construction company's stock, valued at approximately $1,659,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals during the third quarter worth $31,000. RFP Financial Group LLC raised its stake in shares of United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after buying an additional 22 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its position in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after buying an additional 20 shares in the last quarter. HM Payson & Co. purchased a new position in United Rentals during the 3rd quarter valued at about $41,000. Finally, HHM Wealth Advisors LLC increased its holdings in United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after acquiring an additional 42 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on URI shares. Truist Financial increased their price target on shares of United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Bank of America increased their target price on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Citigroup boosted their price target on United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Evercore ISI increased their price objective on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Finally, Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $751.67.

Read Our Latest Stock Report on URI

United Rentals Trading Up 1.0 %

Shares of NYSE URI traded up $8.58 during trading on Friday, hitting $849.32. 465,633 shares of the company traded hands, compared to its average volume of 582,246. 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 $55.73 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.97 and a beta of 1.68. The company has a 50-day moving average price of $819.40 and a 200-day moving average price of $731.97. United Rentals, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced 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 firm 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 business's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.73 earnings per share. On average, equities analysts predict that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

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

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.

About United Rentals

(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.

Further Reading

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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