Intellectus Partners LLC Takes $752,000 Position in United Rentals, Inc. (NYSE:URI)

Intellectus Partners LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 929 shares of the construction company's stock, valued at approximately $752,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in United Rentals in the first quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals in the 3rd quarter worth approximately $31,000. RFP Financial Group LLC lifted its holdings in 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 in the last quarter. Carmichael Hill & Associates Inc. boosted its position in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after buying an additional 20 shares during the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of United Rentals in the 3rd quarter valued at $41,000. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on URI. Robert W. Baird upped their price target on United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research note on Thursday, October 3rd. Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on shares of United Rentals from $790.00 to $905.00 and gave the company a "buy" rating in a report on Friday, July 26th. Truist Financial lifted their target price on shares of United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Barclays increased their price target on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $742.50.

United Rentals Stock Down 1.6 %

Shares of URI traded down $13.60 on Friday, hitting $836.00. The company's stock had a trading volume of 603,106 shares, compared to its average volume of 601,641. 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 $54.86 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.99 and a beta of 1.68. The firm's fifty day moving average price is $807.10 and its 200-day moving average price is $725.83. United Rentals, Inc. has a fifty-two week low of $454.71 and a fifty-two week high of $896.98.

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 analysts' consensus estimates of $12.49 by ($0.69). The company 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 company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.73 earnings per share. On average, equities research analysts expect that United Rentals, Inc. will post 43.55 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid 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 dividend yield of 0.78%. United Rentals's dividend payout ratio is 17.03%.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly 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 the SEC website. 0.53% of the stock is owned by company insiders.

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.