Victory Capital Management Inc. Has $21.23 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Victory Capital Management Inc. lessened its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 71.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,222 shares of the construction company's stock after selling 64,586 shares during the period. Victory Capital Management Inc.'s holdings in United Rentals were worth $21,233,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Mayflower Financial Advisors LLC raised its stake in United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company's stock valued at $274,000 after acquiring an additional 13 shares in the last quarter. Duncker Streett & Co. Inc. lifted 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 purchasing an additional 14 shares during the period. Ameritas Advisory Services LLC grew its position in United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company's stock valued at $244,000 after buying an additional 14 shares in the last quarter. IAM Advisory LLC increased its stake in United Rentals by 1.6% during the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company's stock valued at $729,000 after buying an additional 14 shares during the period. Finally, CVA Family Office LLC raised its position in shares of United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company's stock worth $683,000 after buying an additional 14 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Down 1.4 %

Shares of NYSE:URI traded down $11.78 during midday trading on Tuesday, hitting $821.16. 461,570 shares of the stock were exchanged, compared to its average volume of 547,135. The company has a market capitalization of $53.88 billion, a PE ratio of 21.75, a P/E/G ratio of 1.96 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98. 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 business's fifty day simple moving average is $809.84 and its two-hundred day simple moving average is $727.93.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the firm earned $11.73 earnings per share. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that United Rentals, Inc. will post 43.55 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm 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. This represents a $6.52 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio is presently 17.03%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup upped their price objective on United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. Truist Financial lifted their price target on shares of United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. The Goldman Sachs Group raised their price objective 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 lifted their target price on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. Finally, Bank of America upped their target price on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $742.50.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.49% 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.