Red Cedar Investment Management LLC Acquires 1,382 Shares of United Rentals, Inc. (NYSE:URI)

Red Cedar Investment Management LLC lifted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 56.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,840 shares of the construction company's stock after acquiring an additional 1,382 shares during the quarter. Red Cedar Investment Management LLC's holdings in United Rentals were worth $3,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Crewe Advisors LLC acquired a new stake in United Rentals in the 1st quarter worth about $27,000. RFP Financial Group LLC lifted its holdings in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after buying an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals during the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. lifted its holdings in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after buying an additional 20 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in United Rentals by 280.0% in the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after acquiring an additional 42 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Down 0.9 %

NYSE URI traded down $7.48 on Monday, hitting $785.99. 775,247 shares of the stock were exchanged, compared to its average volume of 543,268. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company has a market capitalization of $51.58 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.90 and a beta of 1.68. The company's 50-day moving average price is $781.33 and its two-hundred day moving average price is $713.61. United Rentals, Inc. has a 52-week low of $432.82 and a 52-week high of $861.74.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. 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 posted $11.73 EPS. The business's revenue was up 6.0% on a year-over-year basis. Research analysts predict that United Rentals, Inc. will post 43.66 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. Stockholders of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.83%. United Rentals's payout ratio is presently 17.03%.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on URI shares. Robert W. Baird increased their price target on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a report on Thursday, October 3rd. Barclays increased their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. Truist Financial raised their target price on shares of United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. Finally, Evercore ISI raised their price target on United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of "Hold" and an average target price of $742.50.

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.