Nwam LLC Buys New Position in United Rentals, Inc. (NYSE:URI)

Nwam LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,223 shares of the construction company's stock, valued at approximately $3,419,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. 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 worth $274,000 after acquiring an additional 13 shares during the period. Allen Capital Group LLC raised 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 worth $262,000 after purchasing an additional 13 shares during the period. First County Bank CT raised its position in United Rentals by 3.2% during the third quarter. First County Bank CT now owns 422 shares of the construction company's stock valued at $342,000 after buying an additional 13 shares during the period. Duncker Streett & Co. Inc. raised its position in United Rentals by 0.3% during the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company's stock valued at $3,461,000 after buying an additional 14 shares during the period. Finally, Ameritas Advisory Services LLC raised 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 currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $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 accessible through this link. 0.53% of the stock is owned by corporate insiders.

United Rentals Price Performance

United Rentals stock opened at $843.95 on Friday. The company has a market capitalization of $55.38 billion, a price-to-earnings ratio of 21.95, a PEG 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 stock's 50 day moving average is $817.01 and its 200-day moving average is $730.42.

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 (EPS) for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the company earned $11.73 EPS. The company's quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts expect that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced 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 0.77%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio is currently 17.03%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on URI shares. Truist Financial upped their price target on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Bank of America boosted their target price on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Argus boosted their target price on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday. Barclays raised their target price on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price objective on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, United Rentals has an average rating of "Hold" and an average target price of $751.67.

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.

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