Central Bank & Trust Co. Sells 1,441 Shares of United Rentals, Inc. (NYSE:URI)

Central Bank & Trust Co. trimmed its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,007 shares of the construction company's stock after selling 1,441 shares during the period. United Rentals accounts for approximately 1.6% of Central Bank & Trust Co.'s portfolio, making the stock its 17th largest holding. Central Bank & Trust Co.'s holdings in United Rentals were worth $11,342,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. boosted its holdings in shares of United Rentals by 0.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company's stock worth $3,461,000 after purchasing an additional 14 shares in the last quarter. Ameritas Advisory Services LLC raised its position in shares of United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company's stock worth $244,000 after acquiring an additional 14 shares in the last quarter. IAM Advisory LLC lifted its position in United Rentals by 1.6% during the third quarter. IAM Advisory LLC now owns 900 shares of the construction company's stock valued at $729,000 after buying an additional 14 shares during the period. CVA Family Office LLC lifted its position in United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company's stock valued at $683,000 after acquiring an additional 14 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its position in shares of United Rentals by 3.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company's stock worth $301,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

URI stock traded up $12.01 during midday trading on Tuesday, hitting $798.00. 611,776 shares of the stock were exchanged, compared to its average volume of 543,588. 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 has a market cap of $52.36 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.85 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $432.82 and a fifty-two week high of $861.74. The stock's 50-day moving average price is $782.18 and its 200-day moving average price is $714.69.

United Rentals (NYSE:URI - Get Free Report) last announced its 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 company had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter in the previous year, the business posted $11.73 earnings per share. The business's quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts predict that United Rentals, Inc. will post 43.66 earnings per share for the current year.

United Rentals Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on Monday, October 28th. The shares were 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 owns 2,044 shares of the company's stock, valued at $1,682,702.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company's stock.

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.