HCR Wealth Advisors Trims Stake in United Rentals, Inc. (NYSE:URI)

HCR Wealth Advisors lessened its stake in United Rentals, Inc. (NYSE:URI) by 50.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 292 shares of the construction company’s stock after selling 300 shares during the quarter. HCR Wealth Advisors’ holdings in United Rentals were worth $236,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in URI. Quarry LP purchased a new position in United Rentals in the 4th quarter worth about $36,000. Chicago Partners Investment Group LLC bought a new position in United Rentals during the 4th quarter worth about $222,000. Centaurus Financial Inc. grew its holdings in United Rentals by 197.7% during the 4th quarter. Centaurus Financial Inc. now owns 887 shares of the construction company’s stock worth $509,000 after acquiring an additional 589 shares in the last quarter. Syon Capital LLC grew its holdings in United Rentals by 39.4% during the 4th quarter. Syon Capital LLC now owns 1,029 shares of the construction company’s stock worth $590,000 after acquiring an additional 291 shares in the last quarter. Finally, American International Group Inc. grew its holdings in United Rentals by 2.8% during the 4th quarter. American International Group Inc. now owns 18,704 shares of the construction company’s stock worth $10,725,000 after acquiring an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In other United Rentals 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 transaction of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Up 2.0 %

URI stock opened at $819.00 on Friday. The firm has a 50 day moving average of $744.21 and a 200 day moving average of $699.31. The stock has a market capitalization of $54.17 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $826.24.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the business earned $9.88 EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 17.21%.

Analysts Set New Price Targets

Several research analysts have issued reports on URI shares. JPMorgan Chase & Co. increased 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. Raymond James started coverage on shares of United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Robert W. Baird raised their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Finally, Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Hold” and an average target price of $714.92.

United Rentals 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.