United Rentals, Inc. (NYSE:URI) is Patton Albertson Miller Group LLC's 7th Largest Position

Patton Albertson Miller Group LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 8.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,759 shares of the construction company's stock after selling 1,349 shares during the quarter. United Rentals accounts for about 1.6% of Patton Albertson Miller Group LLC's investment portfolio, making the stock its 7th largest holding. Patton Albertson Miller Group LLC's holdings in United Rentals were worth $11,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Mayflower Financial Advisors LLC lifted its holdings in United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company's stock worth $274,000 after buying an additional 13 shares during the period. Allen Capital Group LLC boosted its holdings in United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company's stock valued at $262,000 after acquiring an additional 13 shares in the last quarter. First County Bank CT boosted its holdings in United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company's stock valued at $342,000 after acquiring an additional 13 shares in the last quarter. Duncker Streett & Co. Inc. increased its position in United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company's stock valued at $3,461,000 after purchasing an additional 14 shares during the period. Finally, Ameritas Advisory Services LLC raised its holdings in 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 purchasing an additional 14 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 0.3 %

NYSE:URI traded up $2.28 on Tuesday, hitting $866.67. The stock had a trading volume of 145,278 shares, compared to its average volume of 546,489. The stock has a market cap of $56.87 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.99 and a beta of 1.68. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The company has a fifty day moving average price of $821.86 and a two-hundred day moving average price of $733.58. United Rentals, Inc. has a 1-year low of $454.71 and a 1-year high of $896.98.

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 analysts' consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $11.73 earnings per share. Equities research analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is 17.03%.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on URI shares. Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Robert W. Baird upped their target price on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a report on Thursday, October 3rd. Argus raised their target price on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. 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. Finally, Truist Financial increased their price target on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $751.67.

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.