Cerity Partners LLC Buys 1,952 Shares of United Rentals, Inc. (NYSE:URI)

Cerity Partners LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,252 shares of the construction company’s stock after acquiring an additional 1,952 shares during the quarter. Cerity Partners LLC owned 0.16% of United Rentals worth $86,035,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its position in United Rentals by 40.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 30,146 shares of the construction company’s stock worth $21,739,000 after acquiring an additional 8,626 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in United Rentals by 0.8% during the first quarter. Lazard Asset Management LLC now owns 4,077 shares of the construction company’s stock worth $2,939,000 after purchasing an additional 33 shares during the last quarter. Morse Asset Management Inc grew its position in United Rentals by 1.8% in the first quarter. Morse Asset Management Inc now owns 14,521 shares of the construction company’s stock valued at $10,471,000 after purchasing an additional 252 shares in the last quarter. SVB Wealth LLC increased its stake in United Rentals by 9.1% in the 1st quarter. SVB Wealth LLC now owns 9,225 shares of the construction company’s stock valued at $6,652,000 after buying an additional 772 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in United Rentals during the 1st quarter worth about $1,947,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America boosted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Citigroup boosted their target price 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. Finally, Robert W. Baird increased 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 analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $751.67.

United Rentals Trading Up 1.0 %

Shares of NYSE:URI opened at $849.03 on Friday. United Rentals, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98. The business has a 50 day moving average of $819.40 and a 200-day moving average of $731.57. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The stock has a market cap of $55.72 billion, a PE ratio of 22.17, a P/E/G ratio of 1.97 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $11.73 earnings per share. As a group, equities research analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is 17.03%.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

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.