Souders Financial Advisors Buys 100 Shares of United Rentals, Inc. (NYSE:URI)

Souders Financial Advisors grew its stake in United Rentals, Inc. (NYSE:URI) by 2.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,395 shares of the construction company’s stock after buying an additional 100 shares during the period. Souders Financial Advisors’ holdings in United Rentals were worth $3,559,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in URI. Mirae Asset Global Investments Co. Ltd. raised its holdings in United Rentals by 11.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after purchasing an additional 964 shares during the last quarter. Essex Financial Services Inc. boosted its position in United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after acquiring an additional 136 shares during the last quarter. Tidal Investments LLC grew its holdings in United Rentals by 241.2% during the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after acquiring an additional 3,435 shares during the period. BDF Gestion bought a new position in shares of United Rentals in the 2nd quarter worth about $2,998,000. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of United Rentals by 48.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock valued at $2,256,000 after purchasing an additional 1,016 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on URI. Evercore ISI boosted their price target on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. 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 research note on Monday, September 23rd. The Goldman Sachs Group lifted 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. Bank of America increased their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird boosted their target price on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus price target of $742.50.

United Rentals Price Performance

URI stock opened at $868.60 on Wednesday. The company has a market capitalization of $57.00 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.04 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals, Inc. has a 52-week low of $453.23 and a 52-week high of $896.98. The business has a 50-day simple moving average of $797.79 and a two-hundred day simple moving average of $723.15.

United Rentals (NYSE:URI) last released its quarterly earnings results 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 analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $11.73 EPS. Research analysts expect that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Announces Dividend

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

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.