Millburn Ridgefield Corp Buys Shares of 83 United Rentals, Inc. (NYSE:URI)

Millburn Ridgefield Corp bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 3rd quarter, HoldingsChannel reports. The firm bought 83 shares of the construction company’s stock, valued at approximately $67,000.

Several other hedge funds have also bought and sold shares of the stock. RFP Financial Group LLC lifted its holdings in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals in the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. lifted its holdings in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after acquiring an additional 42 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in shares of United Rentals in the 3rd quarter worth approximately $41,000. 96.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s 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 sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI boosted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective 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. Robert W. Baird lifted their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Finally, Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $751.67.

United Rentals Stock Down 0.0 %

Shares of United Rentals stock opened at $868.78 on Thursday. 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 company’s fifty day simple moving average is $830.96 and its two-hundred day simple moving average is $740.69. The company has a market cap of $57.01 billion, a P/E ratio of 22.69, a PEG ratio of 2.04 and a beta of 1.66. United Rentals, Inc. has a 12-month low of $474.56 and a 12-month high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.73 earnings per share. Research analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

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.