United Rentals, Inc. (NYSE:URI) Stock Position Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,682 shares of the construction company's stock after selling 17,497 shares during the quarter. United Rentals accounts for 0.5% of Thrivent Financial for Lutherans' portfolio, making the stock its 23rd largest position. Thrivent Financial for Lutherans owned about 0.48% of United Rentals worth $256,427,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of URI. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company's stock valued at $7,492,000 after purchasing an additional 964 shares during the period. Essex Financial Services Inc. boosted its stake in shares of United Rentals by 31.9% in the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company's stock valued at $364,000 after purchasing an additional 136 shares during the period. Tidal Investments LLC boosted its stake in shares of United Rentals by 241.2% in the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company's stock valued at $3,504,000 after purchasing an additional 3,435 shares during the period. BDF Gestion purchased a new position in shares of United Rentals in the second quarter valued at $2,998,000. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of United Rentals by 48.1% in the first quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company's stock valued at $2,256,000 after purchasing an additional 1,016 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

URI has been the topic of several recent analyst reports. Truist Financial upped their price target 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. Citigroup upped their price target on shares of United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. Evercore ISI upped their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a report on Monday, August 19th. The Goldman Sachs Group upped their price target on shares of United Rentals from $790.00 to $905.00 and gave the company a "buy" rating in a report on Friday, July 26th. Finally, Robert W. Baird upped their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $742.50.

United Rentals Stock Performance

Shares of URI stock traded down $13.60 during trading hours on Friday, reaching $836.00. The stock had a trading volume of 603,106 shares, compared to its average volume of 601,641. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a twelve month low of $454.71 and a twelve month high of $896.98. The firm has a 50-day simple moving average of $807.10 and a 200-day simple moving average of $726.74. The firm has a market capitalization of $54.86 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business earned $11.73 EPS. The firm's revenue was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that United Rentals, Inc. will post 43.55 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 0.78%. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% 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.