Signaturefd LLC Sells 20 Shares of United Rentals, Inc. (NYSE:URI)

Signaturefd LLC lessened its holdings in United Rentals, Inc. (NYSE:URI) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,524 shares of the construction company’s stock after selling 20 shares during the quarter. Signaturefd LLC’s holdings in United Rentals were worth $1,234,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in URI. Riverview Trust Co acquired a new position in shares of United Rentals during the first quarter worth $31,000. First Financial Corp IN bought a new stake in shares of United Rentals in the 1st quarter valued at about $25,000. St. Johns Investment Management Company LLC acquired a new stake in shares of United Rentals in the first quarter valued at about $50,000. Wealth Enhancement Advisory Services LLC raised its position in shares of United Rentals by 5.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,922 shares of the construction company’s stock worth $5,713,000 after acquiring an additional 423 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in United Rentals in the first quarter valued at $3,606,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 1.7 %

Shares of United Rentals stock opened at $833.10 on Thursday. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $861.74. The company has a 50 day moving average of $766.03 and a 200 day moving average of $705.70. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $55.48 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.94 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $9.88 EPS. As a group, research analysts forecast that United Rentals, Inc. will post 44.38 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 dividend yield of 0.78%. United Rentals’s payout ratio is currently 17.66%.

Analysts Set New Price Targets

URI has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Citigroup upped their target price on shares of United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Truist Financial raised their price objective on United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Raymond James assumed coverage on shares of United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus target price of $714.92.

Insiders Place Their Bets

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the firm’s 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 completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.

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.