75 Shares in United Rentals, Inc. (NYSE:URI) Acquired by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC bought a new stake in United Rentals, Inc. (NYSE:URI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 75 shares of the construction company’s stock, valued at approximately $61,000.

Other large investors also recently added to or reduced their stakes in the company. Baker Avenue Asset Management LP acquired a new stake in shares of United Rentals during the third quarter worth about $437,000. Mayflower Financial Advisors LLC lifted its holdings in United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after buying an additional 13 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in United Rentals in the 3rd quarter valued at approximately $440,000. Sigma Planning Corp grew its stake in shares of United Rentals by 4.4% in the third quarter. Sigma Planning Corp now owns 1,981 shares of the construction company’s stock worth $1,604,000 after acquiring an additional 83 shares in the last quarter. Finally, XML Financial LLC purchased a new stake in shares of United Rentals during the third quarter worth $218,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE URI opened at $859.41 on Thursday. The company has a fifty day moving average of $800.97 and a two-hundred day moving average of $724.10. The company has a market capitalization of $56.39 billion, a PE ratio of 22.44, a P/E/G ratio of 2.03 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

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). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the business earned $11.73 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that United Rentals, Inc. will post 43.66 earnings per share for the current year.

United Rentals Announces Dividend

The business 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 $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.76%. The ex-dividend date is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Truist Financial boosted their price objective on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research 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 company a “buy” rating in a report on Thursday, October 24th. Citigroup boosted their price target 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 raised their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $742.50.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the company’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 transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by insiders.

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.