Lake Street Private Wealth LLC Lowers Stock Holdings in United Rentals, Inc. (NYSE:URI)

Lake Street Private Wealth LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 304 shares of the construction company’s stock after selling 40 shares during the quarter. Lake Street Private Wealth LLC’s holdings in United Rentals were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Duncker Streett & Co. Inc. raised its position in United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after purchasing an additional 14 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in United Rentals by 3.8% in the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after acquiring an additional 14 shares during the period. IAM Advisory LLC grew its holdings in United Rentals by 1.6% during the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after acquiring an additional 14 shares in the last quarter. CVA Family Office LLC increased its position in United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after purchasing an additional 14 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in shares of United Rentals by 3.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock worth $301,000 after purchasing an additional 15 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

United Rentals Price Performance

Shares of URI opened at $833.10 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The company’s fifty day moving average price is $766.03 and its 200-day moving average price is $705.70. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $861.74. The firm has a market capitalization of $55.10 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the business earned $9.88 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that United Rentals, Inc. will post 44.38 EPS for the current year.

United Rentals Dividend Announcement

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 issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.78%. United Rentals’s dividend payout ratio (DPR) is presently 17.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on URI. JPMorgan Chase & Co. lifted their price objective on shares of 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 price target on United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Raymond James initiated coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI increased their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $714.92.

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.