Stifel Financial Corp Sells 734 Shares of United Rentals, Inc. (NYSE:URI)

Stifel Financial Corp lessened its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,354 shares of the construction company's stock after selling 734 shares during the period. Stifel Financial Corp owned 0.15% of United Rentals worth $78,845,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC lifted its holdings in shares of United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after purchasing an additional 85,325 shares during the period. International Assets Investment Management LLC lifted its holdings in United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after buying an additional 1,604,715 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock valued at $570,167,000 after buying an additional 66,957 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in United Rentals by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 438,427 shares of the construction company's stock valued at $355,007,000 after buying an additional 5,325 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in United Rentals by 5.7% in the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company's stock valued at $247,001,000 after buying an additional 20,481 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $767.86.

United Rentals Stock Up 0.5 %

Shares of NYSE:URI traded up $3.93 during midday trading on Friday, hitting $858.92. 777,507 shares of the company's stock were exchanged, compared to its average volume of 461,359. 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 stock has a 50 day moving average price of $834.23 and a 200-day moving average price of $743.47. The company has a market cap of $56.36 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.66. United Rentals, Inc. has a 12 month low of $475.52 and a 12 month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter last year, the firm posted $11.73 earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction dated Monday, October 28th. The shares were 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. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.