Kennedy Investment Group Acquires 722 Shares of United Rentals, Inc. (NYSE:URI)

Kennedy Investment Group increased its holdings in United Rentals, Inc. (NYSE:URI) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,798 shares of the construction company’s stock after buying an additional 722 shares during the period. United Rentals accounts for 2.2% of Kennedy Investment Group’s investment portfolio, making the stock its 11th biggest position. Kennedy Investment Group’s holdings in United Rentals were worth $4,695,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. boosted its position in shares of United Rentals by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after acquiring an additional 14 shares during the period. Ameritas Advisory Services LLC boosted its holdings in United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after purchasing an additional 14 shares during the period. IAM Advisory LLC grew its position in shares of United Rentals by 1.6% during the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after purchasing an additional 14 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of United Rentals by 1.7% in the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after purchasing an additional 14 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in shares of United Rentals by 3.7% in the first quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock worth $301,000 after buying an additional 15 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on URI shares. Citigroup boosted their target price on United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Evercore ISI lifted their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Truist Financial increased 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, October 9th. Finally, Robert W. Baird lifted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Three investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $714.92.

United Rentals Trading Down 0.7 %

Shares of United Rentals stock traded down $5.67 on Monday, hitting $833.60. The stock had a trading volume of 168,950 shares, compared to its average volume of 539,363. The stock’s 50-day simple moving average is $760.25 and its two-hundred day simple moving average is $703.75. United Rentals, Inc. has a one year low of $387.01 and a one year high of $861.74. 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 stock has a market cap of $55.13 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.94 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating 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 firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the firm posted $9.88 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.38 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. United Rentals’s dividend payout ratio (DPR) is presently 17.21%.

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.