Cadent Capital Advisors LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Cadent Capital Advisors LLC bought a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,261 shares of the construction company's stock, valued at approximately $1,021,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URI. Essex Financial Services Inc. boosted its position in shares of United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company's stock worth $364,000 after buying an additional 136 shares during the period. Forsta AP Fonden grew its stake in United Rentals by 2.8% during the 1st quarter. Forsta AP Fonden now owns 14,600 shares of the construction company's stock valued at $10,528,000 after acquiring an additional 400 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of United Rentals by 241.2% during the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company's stock valued at $3,504,000 after buying an additional 3,435 shares during the period. BDF Gestion acquired a new position in United Rentals in the 2nd quarter worth about $2,998,000. Finally, Orion Portfolio Solutions LLC grew its stake in shares of United Rentals by 48.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company's stock valued at $2,256,000 after buying an additional 1,016 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the firm's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares of the company's stock, valued at $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of United Rentals from $873.00 to $954.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Citigroup increased their price objective on United Rentals from $860.00 to $930.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Raymond James initiated coverage on United Rentals in a report on Friday, June 28th. They issued an "outperform" rating and a $750.00 target price for the company. JPMorgan Chase & Co. increased their price target on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Finally, Evercore ISI lifted their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $714.92.

United Rentals Stock Down 0.2 %

NYSE URI traded down $1.27 during trading hours on Friday, reaching $839.27. 341,329 shares of the company's stock were exchanged, compared to its average volume of 441,614. The company has a market capitalization of $55.51 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.94 and a beta of 1.68. United Rentals, Inc. has a one year low of $387.01 and a one year high of $861.74. The company's 50-day moving average is $760.25 and its two-hundred day moving average is $703.75. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating analysts' consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $9.88 earnings per share. On average, analysts forecast that United Rentals, Inc. will post 44.38 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals's dividend payout ratio (DPR) is currently 17.21%.

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.