Janney Montgomery Scott LLC Sells 1,073 Shares of United Rentals, Inc. (NYSE:URI)

Janney Montgomery Scott LLC lessened its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,277 shares of the construction company's stock after selling 1,073 shares during the period. Janney Montgomery Scott LLC's holdings in United Rentals were worth $17,229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in United Rentals during the 1st quarter valued at approximately $27,000. RFP Financial Group LLC increased its position in shares of United Rentals by 115.8% during the second 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 period. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals in the third quarter valued at $31,000. Carmichael Hill & Associates Inc. boosted its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after acquiring an additional 20 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted 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 during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of URI traded up $82.32 during trading hours on Wednesday, hitting $880.32. The company's stock had a trading volume of 1,629,678 shares, compared to its average volume of 548,721. The company has a market cap of $57.77 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.84 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The business has a 50 day simple moving average of $783.42 and a two-hundred day simple moving average of $715.89. United Rentals, Inc. has a 52-week low of $432.82 and a 52-week high of $888.62.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (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 the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.73 earnings per share. On average, equities analysts expect that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on United Rentals from $790.00 to $905.00 and gave the company a "buy" rating in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Citigroup increased their target price on United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Barclays lifted 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. Finally, 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 note on Monday, August 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $742.50.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the company'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 transaction, the senior vice president now owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company's stock.

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.