Great Diamond Partners LLC Invests $218,000 in United Rentals, Inc. (NYSE:URI)

Great Diamond Partners LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 269 shares of the construction company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WD Rutherford LLC grew its position in shares of United Rentals by 7.4% during the 3rd quarter. WD Rutherford LLC now owns 3,574 shares of the construction company’s stock worth $2,894,000 after buying an additional 245 shares during the period. Hedeker Wealth LLC grew its holdings in United Rentals by 3.3% during the third quarter. Hedeker Wealth LLC now owns 9,765 shares of the construction company’s stock valued at $7,907,000 after purchasing an additional 313 shares during the period. Strategic Blueprint LLC bought a new stake in United Rentals in the third quarter valued at approximately $240,000. Cutter & CO Brokerage Inc. acquired a new stake in United Rentals in the third quarter worth $243,000. Finally, Traynor Capital Management Inc. boosted its position in shares of United Rentals by 21.6% during the third quarter. Traynor Capital Management Inc. now owns 9,760 shares of the construction company’s stock worth $7,903,000 after purchasing an additional 1,736 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This 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 can be accessed through this link. In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. 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 link. Also, 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 value of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

United Rentals Stock Performance

URI opened at $811.88 on Thursday. The firm has a market capitalization of $53.28 billion, a PE ratio of 21.20, a PEG ratio of 1.87 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The business’s 50-day simple moving average is $778.44 and its 200 day simple moving average is $711.09. United Rentals, Inc. has a 52-week low of $395.44 and a 52-week high of $861.74.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $11.73 EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.31 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared 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. This represents a $6.52 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is 17.03%.

Analysts Set New Price Targets

A number of research firms recently commented on URI. The Goldman Sachs Group upped their price objective on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Barclays raised their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Evercore ISI increased their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, Citigroup upped their price target on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $742.50.

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.