Mogy Joel R Investment Counsel Inc. Takes Position in United Rentals, Inc. (NYSE:URI)

Mogy Joel R Investment Counsel Inc. bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the third quarter, Holdings Channel.com reports. The fund bought 312 shares of the construction company’s stock, valued at approximately $253,000.

Several other large investors have also recently bought and sold shares of URI. HighPoint Advisor Group LLC bought a new position in United Rentals during the 4th quarter worth $318,000. Nomura Holdings Inc. acquired a new position in shares of United Rentals during the 4th quarter worth approximately $780,000. Rise Advisors LLC acquired a new position in shares of United Rentals during the 1st quarter worth approximately $28,000. Park Avenue Securities LLC increased its holdings in shares of United Rentals by 3.2% during the first quarter. Park Avenue Securities LLC now owns 1,768 shares of the construction company’s stock worth $1,275,000 after purchasing an additional 54 shares during the period. Finally, RFG Advisory LLC boosted its stake in shares of United Rentals by 40.9% in the first quarter. RFG Advisory LLC now owns 1,470 shares of the construction company’s stock valued at $1,060,000 after buying an additional 427 shares during the period. 96.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on URI shares. Citigroup increased their target price on United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Evercore ISI increased their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Truist Financial upped their target price on United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group boosted their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Robert W. Baird lifted their target price on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and a consensus target price of $714.92.

United Rentals Stock Performance

Shares of URI stock opened at $839.69 on Friday. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $861.74. The firm has a market capitalization of $55.91 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.94 and a beta of 1.68. The firm has a fifty day simple moving average of $760.25 and a two-hundred day simple moving average of $703.66. 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 (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the company earned $9.88 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts forecast that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a $1.63 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. United Rentals’s payout ratio is currently 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.