Inspire Advisors LLC Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

Inspire Advisors LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 195.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 966 shares of the construction company's stock after acquiring an additional 639 shares during the period. Inspire Advisors LLC's holdings in United Rentals were worth $782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of URI. Aaron Wealth Advisors LLC grew its holdings in United Rentals by 21.3% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 438 shares of the construction company's stock worth $355,000 after acquiring an additional 77 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of United Rentals by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 2,184 shares of the construction company's stock valued at $1,768,000 after purchasing an additional 218 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in United Rentals by 5.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,217 shares of the construction company's stock valued at $5,844,000 after buying an additional 382 shares during the period. Trust Co. of Vermont lifted its holdings in United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company's stock worth $49,000 after buying an additional 60 shares during the period. Finally, Cumberland Advisors Inc. increased its holdings in shares of United Rentals by 6.7% in the 3rd quarter. Cumberland Advisors Inc. now owns 8,395 shares of the construction company's stock valued at $6,798,000 after acquiring an additional 525 shares during the period. Institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares of the company's stock, valued at $2,822,100. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Performance

NYSE URI traded down $1.27 on Friday, hitting $839.27. 341,329 shares of the company's stock traded hands, compared to its average volume of 541,208. The firm's 50-day moving average price is $760.25 and its two-hundred day moving average price is $703.75. The firm has a market capitalization of $55.89 billion, a PE ratio of 22.73, a P/E/G ratio of 1.94 and a beta of 1.68. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $861.74.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating the consensus estimate of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $9.88 earnings per share. As a group, analysts expect that United Rentals, Inc. will post 44.39 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were 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 was Wednesday, August 14th. United Rentals's dividend payout ratio is currently 17.66%.

Analyst Ratings Changes

URI has been the topic of several analyst reports. Raymond James assumed coverage on United Rentals in a research note on Friday, June 28th. They issued an "outperform" rating and a $750.00 target price on the stock. Robert W. Baird increased their price objective on United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a report on Thursday, October 3rd. Truist Financial boosted their target price on United Rentals from $873.00 to $954.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $714.92.

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.