Greenleaf Trust Boosts Stake in United Rentals, Inc. (NYSE:URI)

Greenleaf Trust increased its position in United Rentals, Inc. (NYSE:URI) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,649 shares of the construction company’s stock after buying an additional 20 shares during the period. Greenleaf Trust’s holdings in United Rentals were worth $1,335,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in URI. Capital International Investors bought a new stake in United Rentals during the first quarter worth approximately $332,349,000. AMF Tjanstepension AB increased its stake in United Rentals by 77.7% during the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after acquiring an additional 199,810 shares during the last quarter. Marshall Wace LLP increased its stake in United Rentals by 259.3% during the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock worth $97,108,000 after acquiring an additional 108,360 shares during the last quarter. AGF Management Ltd. increased its stake 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 worth $67,048,000 after acquiring an additional 101,547 shares during the last quarter. Finally, Heritage Wealth Advisors increased its stake 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 worth $72,674,000 after acquiring an additional 100,118 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Rentals 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 completion of the sale, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by company insiders.

United Rentals Stock Down 1.1 %

Shares of NYSE:URI opened at $824.99 on Friday. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $861.74. The stock has a market cap of $54.56 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. The business’s 50 day moving average is $770.73 and its 200 day 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.

United Rentals (NYSE:URI) last posted its earnings results 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). The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.73 EPS. Sell-side analysts predict that United Rentals, Inc. will post 44.38 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. 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 dividend payout ratio is currently 17.21%.

Wall Street Analyst Weigh In

URI has been the topic of several analyst reports. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Raymond James assumed coverage on United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. Truist Financial upped their target price on United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, United Rentals currently has an average rating of “Hold” and an average target price of $728.86.

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.