Glassy Mountain Advisors Inc. Has $15.28 Million Stake in United Rentals, Inc. (NYSE:URI)

Glassy Mountain Advisors Inc. lowered its position in United Rentals, Inc. (NYSE:URI - Free Report) by 6.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 18,868 shares of the construction company's stock after selling 1,386 shares during the period. United Rentals accounts for approximately 5.4% of Glassy Mountain Advisors Inc.'s portfolio, making the stock its 3rd largest position. Glassy Mountain Advisors Inc.'s holdings in United Rentals were worth $15,278,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of URI. Crewe Advisors LLC bought a new position in United Rentals during the first quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals in the third quarter valued at approximately $31,000. RFP Financial Group LLC raised its stake in United Rentals by 115.8% in the second 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 in the last quarter. Carmichael Hill & Associates Inc. grew its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after acquiring an additional 20 shares during the last quarter. Finally, HM Payson & Co. bought a new position in United Rentals during the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Price Performance

Shares of URI traded down $19.33 during trading hours on Friday, hitting $793.47. 741,051 shares of the stock were exchanged, compared to its average volume of 474,048. 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's 50-day moving average price is $781.33 and its two-hundred day moving average price is $713.07. The company has a market cap of $52.07 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.68. United Rentals, Inc. has a 12-month low of $419.81 and a 12-month high of $861.74.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS 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 business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company earned $11.73 EPS. The business's revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts expect that United Rentals, Inc. will post 43.66 earnings per share for the current year.

United Rentals Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on URI shares. Evercore ISI raised their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Bank of America raised their price objective on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Robert W. Baird lifted their price target on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Finally, The Goldman Sachs Group boosted their target price on United Rentals from $790.00 to $905.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $742.50.

Insider Activity

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,682,702.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.