Crossmark Global Holdings Inc. Sells 939 Shares of United Rentals, Inc. (NYSE:URI)

Crossmark Global Holdings Inc. decreased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 20.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,662 shares of the construction company's stock after selling 939 shares during the period. Crossmark Global Holdings Inc.'s holdings in United Rentals were worth $2,965,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Mayflower Financial Advisors LLC increased its position 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 purchasing an additional 13 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings in United Rentals by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company's stock worth $3,461,000 after buying an additional 14 shares during the last quarter. Ameritas Advisory Services LLC raised its position in United Rentals by 3.8% during the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company's stock valued at $244,000 after acquiring an additional 14 shares in the last quarter. IAM Advisory LLC lifted its stake in United Rentals by 1.6% in the third quarter. IAM Advisory LLC now owns 900 shares of the construction company's stock valued at $729,000 after acquiring an additional 14 shares during the last quarter. Finally, CVA Family Office LLC grew its position in United Rentals by 1.7% in the third quarter. CVA Family Office LLC now owns 844 shares of the construction company's stock worth $683,000 after acquiring an additional 14 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on URI. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target on United Rentals from $790.00 to $905.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Barclays increased their price objective on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Robert W. Baird boosted 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. Finally, Evercore ISI increased their price target on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $742.50.

United Rentals Price Performance

Shares of NYSE:URI traded down $8.71 on Tuesday, hitting $865.17. The stock had a trading volume of 96,084 shares, compared to its average volume of 546,519. The company has a market capitalization of $56.77 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.68. 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 firm's 50 day moving average price is $794.45 and its 200-day moving average price is $721.90. United Rentals, Inc. has a twelve month low of $453.23 and a twelve month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (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 business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the firm posted $11.73 EPS. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that United Rentals, Inc. will post 43.66 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared 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 0.75%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is currently 17.03%.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is owned by corporate insiders.

United Rentals Company 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.