United Rentals, Inc. (NYSE:URI) Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,178 shares of the construction company’s stock after selling 91 shares during the period. Atria Investments Inc’s holdings in United Rentals were worth $2,574,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in URI. Kerusso Capital Management LLC boosted its holdings in shares of United Rentals by 6.3% in the 3rd quarter. Kerusso Capital Management LLC now owns 6,404 shares of the construction company’s stock valued at $5,186,000 after buying an additional 382 shares during the period. Lindbrook Capital LLC increased its position in shares of United Rentals by 6.6% during the 3rd quarter. Lindbrook Capital LLC now owns 2,129 shares of the construction company’s stock valued at $1,724,000 after purchasing an additional 131 shares during the period. Bridges Investment Management Inc. raised its stake in shares of United Rentals by 8.2% in the 3rd quarter. Bridges Investment Management Inc. now owns 27,145 shares of the construction company’s stock worth $21,980,000 after buying an additional 2,065 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of United Rentals by 7.0% in the third quarter. Assetmark Inc. now owns 1,446 shares of the construction company’s stock valued at $1,171,000 after buying an additional 95 shares during the period. Finally, Verdence Capital Advisors LLC grew its stake in shares of United Rentals by 32.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,640 shares of the construction company’s stock worth $5,376,000 after purchasing an additional 1,643 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 1.1 %

United Rentals stock opened at $849.60 on Friday. United Rentals, Inc. has a 12 month low of $454.71 and a 12 month high of $896.98. 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 $55.75 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.03 and a beta of 1.68. The company’s fifty day simple moving average is $804.01 and its 200-day simple moving average is $724.97.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the firm earned $11.73 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, November 13th. United Rentals’s payout ratio is presently 17.03%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Evercore ISI lifted their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Barclays lifted their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Truist Financial boosted their price objective on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America raised their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group boosted 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. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, United Rentals presently has an average rating of “Hold” and an average target price of $742.50.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on 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. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

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.