Collective Family Office LLC Reduces Position in United Rentals, Inc. (NYSE:URI)

Collective Family Office LLC cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,116 shares of the construction company’s stock after selling 15 shares during the quarter. Collective Family Office LLC’s holdings in United Rentals were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Capital International Investors bought a new stake in shares of United Rentals during the first quarter valued at about $332,349,000. AMF Tjanstepension AB increased its position in shares of United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after purchasing an additional 199,810 shares during the last quarter. Marshall Wace LLP increased its position in shares of United Rentals by 259.3% in the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock worth $97,108,000 after purchasing an additional 108,360 shares during the last quarter. AGF Management Ltd. grew its position in United Rentals by 4,778.7% during the second quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock valued at $67,048,000 after acquiring an additional 101,547 shares during the last quarter. Finally, Heritage Wealth Advisors grew its position in United Rentals by 15,100.8% during the first quarter. Heritage Wealth Advisors now owns 100,781 shares of the construction company’s stock valued at $72,674,000 after acquiring an additional 100,118 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Raymond James began coverage on shares of United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. Robert W. Baird boosted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. The Goldman Sachs Group boosted their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI increased their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus target price of $694.46.

United Rentals Stock Up 0.0 %

URI traded up $0.35 during trading on Friday, reaching $789.52. The stock had a trading volume of 416,998 shares, compared to its average volume of 547,587. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $52.22 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 1.84 and a beta of 1.68. The stock’s 50 day moving average is $735.99 and its two-hundred day moving average is $695.90. United Rentals, Inc. has a one year low of $387.01 and a one year high of $826.24.

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

United Rentals Announces Dividend

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

Insider Transactions at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.53% 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.