Two Sigma Advisers LP Cuts Stake in United Rentals, Inc. (NYSE:URI)

Two Sigma Advisers LP lessened its position in United Rentals, Inc. (NYSE:URI - Free Report) by 23.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,200 shares of the construction company's stock after selling 5,400 shares during the quarter. Two Sigma Advisers LP's holdings in United Rentals were worth $13,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in URI. RFG Advisory LLC lifted its holdings in shares of United Rentals by 19.5% during the second quarter. RFG Advisory LLC now owns 1,756 shares of the construction company's stock valued at $1,136,000 after purchasing an additional 286 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in United Rentals by 8.2% during the second quarter. Sequoia Financial Advisors LLC now owns 1,206 shares of the construction company's stock valued at $780,000 after buying an additional 91 shares during the last quarter. Diversified Trust Co boosted its holdings in United Rentals by 9.2% in the second quarter. Diversified Trust Co now owns 1,582 shares of the construction company's stock worth $1,023,000 after acquiring an additional 133 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of United Rentals in the second quarter worth $206,000. Finally, ORG Partners LLC bought a new position in shares of United Rentals during the second quarter valued at $119,000. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America upped their price target 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. Citigroup upped their target price on shares of United Rentals from $955.00 to $985.00 and gave the stock a "buy" rating in a research note on Monday. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Finally, Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, United Rentals has a consensus rating of "Hold" and an average target price of $770.00.

United Rentals Stock Performance

Shares of URI traded down $23.03 on Monday, reaching $835.89. The company's stock had a trading volume of 452,829 shares, compared to its average volume of 543,430. United Rentals, Inc. has a 12-month low of $491.60 and a 12-month high of $896.98. The stock has a market capitalization of $54.85 billion, a P/E ratio of 21.78, a PEG ratio of 2.01 and a beta of 1.66. 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's 50 day simple moving average is $834.23 and its two-hundred day simple moving average is $744.24.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm earned $11.73 EPS. The company's revenue was up 6.0% on a year-over-year basis. Research analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is currently 17.03%.

Insider Activity

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.49% 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.