Intech Investment Management LLC Sells 16,252 Shares of United Rentals, Inc. (NYSE:URI)

Intech Investment Management LLC lessened its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 49.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,408 shares of the construction company's stock after selling 16,252 shares during the quarter. Intech Investment Management LLC's holdings in United Rentals were worth $13,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in United Rentals in the first quarter worth $27,000. RFP Financial Group LLC boosted its holdings 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 acquiring an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals during the third quarter worth about $31,000. Carmichael Hill & Associates Inc. lifted its holdings in shares of United Rentals by 80.0% during 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. Finally, HHM Wealth Advisors LLC raised its position in United Rentals by 280.0% during the second 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. Institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, 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 SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

Shares of NYSE:URI traded up $8.29 during trading on Friday, reaching $849.03. The company had a trading volume of 465,613 shares, compared to its average volume of 546,862. The stock has a market capitalization of $55.71 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.68. United Rentals, Inc. has a 12 month low of $454.71 and a 12 month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The company has a fifty day moving average of $819.40 and a two-hundred day moving average of $731.57.

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

United Rentals Dividend Announcement

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

Analyst Ratings Changes

URI has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. The Goldman Sachs Group upped their price target on United Rentals from $790.00 to $905.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Bank of America upped their price target on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Truist Financial raised their target price on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of "Hold" and an average price target of $751.67.

United Rentals Company 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.