Kovitz Investment Group Partners LLC Sells 15,357 Shares of United Rentals, Inc. (NYSE:URI)

Kovitz Investment Group Partners LLC reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 88.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,068 shares of the construction company's stock after selling 15,357 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in United Rentals were worth $1,675,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mayflower Financial Advisors LLC boosted its position in United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company's stock valued at $274,000 after acquiring an additional 13 shares in the last quarter. Allen Capital Group LLC boosted its position in shares of United Rentals by 4.2% during the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company's stock valued at $262,000 after purchasing an additional 13 shares in the last quarter. First County Bank CT grew its stake in United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company's stock worth $342,000 after purchasing an additional 13 shares during the period. Duncker Streett & Co. Inc. raised its holdings in United Rentals by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company's stock worth $3,461,000 after purchasing an additional 14 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in United Rentals by 3.8% during the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company's stock valued at $244,000 after buying an additional 14 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Argus upped their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Barclays upped their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Truist Financial upped their price target on United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted 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. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, United Rentals currently has an average rating of "Hold" and a consensus price target of $770.00.

United Rentals Stock Performance

Shares of URI traded up $1.10 during mid-day trading on Wednesday, hitting $797.12. 556,482 shares of the company traded hands, compared to its average volume of 545,256. United Rentals, Inc. has a 1 year low of $503.23 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a 50-day moving average price of $834.54 and a two-hundred day moving average price of $746.30. The stock has a market cap of $52.31 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 2.01 and a beta of 1.66.

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

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.82%. United Rentals's dividend payout ratio is currently 17.03%.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction 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 transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company's stock.

About United Rentals

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.