Cumberland Advisors Inc. Grows Stock Position in United Rentals, Inc. (NYSE:URI)

Cumberland Advisors Inc. raised its holdings in United Rentals, Inc. (NYSE:URI) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,395 shares of the construction company’s stock after acquiring an additional 525 shares during the period. United Rentals comprises 2.7% of Cumberland Advisors Inc.’s holdings, making the stock its 10th biggest holding. Cumberland Advisors Inc.’s holdings in United Rentals were worth $6,798,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Chicago Partners Investment Group LLC bought a new stake in shares of United Rentals during the fourth quarter worth about $222,000. SageView Advisory Group LLC bought a new stake in shares of United Rentals during the fourth quarter worth about $466,000. HighPoint Advisor Group LLC bought a new stake in shares of United Rentals during the fourth quarter worth about $318,000. Nomura Holdings Inc. bought a new stake in shares of United Rentals during the fourth quarter worth about $780,000. Finally, CWM LLC lifted its stake in shares of United Rentals by 3.5% in the first quarter. CWM LLC now owns 4,737 shares of the construction company’s stock worth $3,416,000 after acquiring an additional 159 shares during the period. Institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial lifted their price objective on United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Citigroup boosted their price target on United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group boosted their price target on 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 boosted their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and an average target price of $714.92.

United Rentals Stock Down 0.4 %

United Rentals stock traded down $3.46 during trading on Thursday, hitting $842.60. 101,912 shares of the company were exchanged, compared to its average volume of 541,015. The business’s 50 day moving average is $754.34 and its 200 day moving average is $701.80. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $861.74. The company has a market capitalization of $55.73 billion, a P/E ratio of 22.34, a PEG ratio of 1.94 and a beta of 1.68. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company posted $9.88 earnings per share. United Rentals’s revenue was up 6.2% compared to the same quarter last year. Analysts predict that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s payout ratio is 17.21%.

Insider Activity at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the stock in a transaction dated 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 owns 4,090 shares in the company, valued at approximately $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by company insiders.

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.