Foundations Investment Advisors LLC Sells 35 Shares of United Rentals, Inc. (NYSE:URI)

Foundations Investment Advisors LLC reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 878 shares of the construction company’s stock after selling 35 shares during the quarter. Foundations Investment Advisors LLC’s holdings in United Rentals were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in shares of United Rentals during the first quarter valued at about $27,000. RFP Financial Group LLC raised its holdings in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in shares of United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after acquiring an additional 42 shares during the period. Register Financial Advisors LLC acquired a new stake in shares of United Rentals during the 1st quarter worth approximately $43,000. Finally, Trust Co. of Vermont increased its position in shares of United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after purchasing an additional 60 shares during the period. 96.26% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Raymond James started coverage on United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Evercore ISI raised their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. The Goldman Sachs Group upped their target price on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Truist Financial upped their price objective on United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, United Rentals has an average rating of “Hold” and an average price target of $728.86.

United Rentals Stock Down 1.1 %

Shares of NYSE URI opened at $824.99 on Friday. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $861.74. The firm’s 50-day simple moving average is $770.73 and its 200 day simple moving average is $707.41. 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 cap of $54.56 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.73 earnings per share. On average, research analysts expect that United Rentals, Inc. will post 44.38 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.79%. United Rentals’s payout ratio is 17.21%.

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.