United Rentals, Inc. (NYSE:URI) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors cut its stake in United Rentals, Inc. (NYSE:URI) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235 shares of the construction company’s stock after selling 15 shares during the period. Optimum Investment Advisors’ holdings in United Rentals were worth $190,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in United Rentals by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 637,188 shares of the construction company’s stock worth $412,089,000 after buying an additional 27,708 shares during the period. Capital International Investors acquired a new position in shares of United Rentals during the first quarter valued at $332,349,000. AMF Tjanstepension AB increased its holdings in shares of United Rentals by 77.7% during the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after purchasing an additional 199,810 shares during the period. Hsbc Holdings PLC increased its holdings in shares of United Rentals by 5.7% during the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company’s stock valued at $247,001,000 after purchasing an additional 20,481 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of United Rentals by 4.4% during the second quarter. Thrivent Financial for Lutherans now owns 334,179 shares of the construction company’s stock valued at $216,123,000 after purchasing an additional 13,970 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction dated 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 directly owns 4,090 shares in the company, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on URI shares. Citigroup raised their price target on United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Evercore ISI raised their price target on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Raymond James started coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock. The Goldman Sachs Group raised 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, Truist Financial raised their price target on United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average price target of $714.92.

United Rentals Trading Down 0.7 %

NYSE:URI opened at $840.54 on Friday. 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, Inc. has a 1-year low of $387.01 and a 1-year high of $861.74. The firm has a market capitalization of $55.97 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.68. The stock has a fifty day simple moving average of $757.38 and a 200 day simple moving average of $702.76.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating 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 business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company posted $9.88 EPS. United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts forecast that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.78%. United Rentals’s dividend payout ratio (DPR) is 17.66%.

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.