Waverton Investment Management Ltd Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Waverton Investment Management Ltd increased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,588 shares of the construction company's stock after acquiring an additional 2,497 shares during the period. United Rentals makes up about 2.8% of Waverton Investment Management Ltd's holdings, making the stock its 18th largest holding. Waverton Investment Management Ltd owned about 0.32% of United Rentals worth $170,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Crewe Advisors LLC purchased a new position in United Rentals in the first quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals in the third quarter valued at $31,000. RFP Financial Group LLC increased its holdings in United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock valued at $27,000 after buying an additional 22 shares during the last quarter. Carmichael Hill & Associates Inc. increased its holdings in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after buying an additional 20 shares during the last quarter. Finally, HM Payson & Co. purchased a new position in United Rentals in the third quarter valued at $41,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. Barclays increased their target price on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Bank of America raised their price objective on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Robert W. Baird raised their price objective on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. Finally, Truist Financial raised their price objective on United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, United Rentals has an average rating of "Hold" and an average target price of $742.50.

United Rentals Price Performance

Shares of URI stock traded down $5.28 during midday trading on Tuesday, reaching $868.60. 385,349 shares of the company traded hands, compared to its average volume of 547,839. The firm's 50 day simple moving average is $794.45 and its two-hundred day simple moving average is $721.90. United Rentals, Inc. has a 1-year low of $453.23 and a 1-year high of $896.98. 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 firm has a market cap of $57.00 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.68.

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 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 business had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same period last year, the business earned $11.73 earnings per share. The company's revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.75%. United Rentals's dividend payout ratio (DPR) is 17.03%.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were 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 directly owns 2,044 shares of the company's stock, valued at $1,682,702.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% of the company's stock.

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.