Waverton Investment Management Ltd Grows Position in United Rentals, Inc. (NYSE:URI)

Waverton Investment Management Ltd increased its position in shares of United Rentals, Inc. (NYSE:URI) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 210,588 shares of the construction company’s stock after purchasing an additional 2,497 shares during the period. United Rentals makes up 2.8% of Waverton Investment Management Ltd’s portfolio, making the stock its 18th largest holding. Waverton Investment Management Ltd owned about 0.32% of United Rentals worth $170,392,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC boosted its position in United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares during the period. Duncker Streett & Co. Inc. lifted its position in shares of United Rentals by 0.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after purchasing an additional 14 shares during the period. Ameritas Advisory Services LLC lifted its position in shares of United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after purchasing an additional 14 shares during the period. IAM Advisory LLC lifted its position in shares of United Rentals by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after purchasing an additional 14 shares during the period. Finally, CVA Family Office LLC lifted its position in shares of United Rentals by 1.7% in the 3rd 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. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on URI shares. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. 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 research note 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 research note on Monday, August 19th. The Goldman Sachs Group upped their price target on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Robert W. Baird upped their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $742.50.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated 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. The trade was 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 the SEC website. 0.53% of the stock is owned by insiders.

United Rentals Stock Performance

URI opened at $873.88 on Tuesday. The firm has a market capitalization of $57.35 billion, a PE ratio of 22.82, a PEG ratio of 2.04 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $453.23 and a twelve month high of $896.98. The firm’s 50-day moving average price is $794.45 and its 200 day moving average price is $721.90. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share 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 quarter in the previous year, the firm posted $11.73 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

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.