Mount Lucas Management LP Sells 2,457 Shares of United Rentals, Inc. (NYSE:URI)

Mount Lucas Management LP decreased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 60.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,631 shares of the construction company's stock after selling 2,457 shares during the quarter. Mount Lucas Management LP's holdings in United Rentals were worth $1,321,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of URI. Crewe Advisors LLC acquired a new position in United Rentals during the 1st quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals in the 3rd quarter worth about $31,000. RFP Financial Group LLC lifted its position in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock valued at $27,000 after purchasing an additional 22 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its stake in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after purchasing an additional 20 shares during the period. Finally, HM Payson & Co. bought a new position in United Rentals in the 3rd quarter worth about $41,000. Institutional investors own 96.26% of the company's stock.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of the business's 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 directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.53% of the company's stock.

United Rentals Price Performance

Shares of URI traded down $13.60 during trading hours on Friday, hitting $836.00. 603,106 shares of the company were exchanged, compared to its average volume of 601,641. The firm has a fifty day simple moving average of $807.10 and a 200-day simple moving average of $726.23. The company has a market capitalization of $54.86 billion, a PE ratio of 21.83, a PEG ratio of 1.96 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. United Rentals, Inc. has a one year low of $454.71 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations 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 for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $11.73 EPS. As a group, sell-side analysts predict that United Rentals, Inc. will post 43.55 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's payout ratio is 17.03%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial boosted their price objective on United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Citigroup boosted their price target on United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Evercore ISI raised their price target on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a report on Monday, August 19th. The Goldman Sachs Group upped their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, Bank of America raised their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $742.50.

United Rentals 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.