United Rentals, Inc. (NYSE:URI) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY decreased its holdings in United Rentals, Inc. (NYSE:URI) by 35.1% in the third quarter, Holdings Channel reports. The firm owned 6,649 shares of the construction company’s stock after selling 3,600 shares during the period. Burns J W & Co. Inc. NY’s holdings in United Rentals were worth $5,384,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Financial Corp IN acquired a new stake in shares of United Rentals in the 1st quarter worth $25,000. Crewe Advisors LLC acquired a new stake in shares of United Rentals in the 1st quarter worth $27,000. RFP Financial Group LLC boosted its position in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares in the last quarter. Rise Advisors LLC acquired a new stake in United Rentals during the 1st quarter worth about $28,000. Finally, Riverview Trust Co acquired a new stake in United Rentals during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by company insiders.

United Rentals Price Performance

Shares of United Rentals stock traded up $0.35 on Friday, hitting $789.52. The company’s stock had a trading volume of 416,998 shares, compared to its average volume of 547,587. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $826.24. The firm has a fifty day moving average price of $735.99 and a 200-day moving average price of $695.90. The company has a market capitalization of $52.22 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.84 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the business earned $9.88 EPS. United Rentals’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a $1.63 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.83%. United Rentals’s dividend payout ratio is presently 17.66%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Evercore ISI lifted their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Raymond James assumed coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. Robert W. Baird lifted their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $694.46.

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.