Carnegie Investment Counsel Has $11.79 Million Holdings in United Rentals, Inc. (NYSE:URI)

Carnegie Investment Counsel boosted its holdings in United Rentals, Inc. (NYSE:URI) by 11.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,559 shares of the construction company’s stock after purchasing an additional 1,489 shares during the quarter. Carnegie Investment Counsel’s holdings in United Rentals were worth $11,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Quarry LP acquired a new stake in United Rentals during the fourth quarter worth approximately $36,000. Chicago Partners Investment Group LLC acquired a new position in United Rentals in the fourth quarter valued at about $222,000. Centaurus Financial Inc. lifted its position in United Rentals by 197.7% during the fourth quarter. Centaurus Financial Inc. now owns 887 shares of the construction company’s stock worth $509,000 after purchasing an additional 589 shares during the period. Syon Capital LLC grew its stake in United Rentals by 39.4% during the fourth quarter. Syon Capital LLC now owns 1,029 shares of the construction company’s stock worth $590,000 after buying an additional 291 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of United Rentals by 2.8% in the 4th quarter. American International Group Inc. now owns 18,704 shares of the construction company’s stock valued at $10,725,000 after buying an additional 508 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Up 2.0 %

URI opened at $819.00 on Friday. The company has a market cap of $54.17 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.68. The company has a fifty day moving average price of $744.21 and a two-hundred day moving average price of $699.31. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $826.24.

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

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is 17.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup boosted their price target on United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI lifted their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Raymond James assumed coverage on shares of United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective for the company. Truist Financial upped their price target on shares of United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Three equities research 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’s stock. According to MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus price target of $714.92.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

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.