Central Bank & Trust Co. Has $11.34 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Central Bank & Trust Co. reduced its position in United Rentals, Inc. (NYSE:URI) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,007 shares of the construction company’s stock after selling 1,441 shares during the period. United Rentals comprises about 1.6% of Central Bank & Trust Co.’s holdings, making the stock its 17th largest position. Central Bank & Trust Co.’s holdings in United Rentals were worth $11,342,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new position in shares of United Rentals during the 1st quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals during the third quarter valued at about $31,000. RFP Financial Group LLC raised its holdings in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares in the last quarter. Carmichael Hill & Associates Inc. grew its holdings in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in shares of United Rentals during the third quarter valued at approximately $41,000. Institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

United Rentals Stock Down 0.9 %

Shares of NYSE URI opened at $785.99 on Tuesday. United Rentals, Inc. has a 1 year low of $432.82 and a 1 year high of $861.74. The firm’s 50-day moving average is $781.33 and its 200-day moving average is $713.61. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $51.58 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.85 and a beta of 1.68.

United Rentals (NYSE:URI) last released its 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). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the firm posted $11.73 EPS. United Rentals’s revenue was up 6.0% on a year-over-year basis. Equities analysts expect that United Rentals, Inc. will post 43.66 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 17.03%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on URI shares. The Goldman Sachs Group lifted their target price 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 upped their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Truist Financial raised their target price on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird upped their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Finally, Evercore ISI lifted their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus price target 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.