Avior Wealth Management LLC Has $176,000 Position in United Rentals, Inc. (NYSE:URI)

Avior Wealth Management LLC boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 24.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217 shares of the construction company’s stock after purchasing an additional 42 shares during the quarter. Avior Wealth Management LLC’s holdings in United Rentals were worth $176,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. RFP Financial Group LLC increased its holdings in shares of United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals in the 3rd quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. increased its stake in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares during the period. Finally, HM Payson & Co. bought a new position in United Rentals in the third quarter valued at approximately $41,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on URI. Bank of America raised their price objective 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. Robert W. Baird upped their price objective on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Truist Financial lifted their target price on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays upped their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Citigroup lifted their price objective on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $751.67.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction that occurred 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 approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.

United Rentals Stock Performance

URI opened at $849.32 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98. The business has a 50 day moving average of $819.40 and a 200-day moving average of $731.97. The stock has a market cap of $55.73 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.97 and a beta of 1.68.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 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 the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $11.73 earnings per share. On average, equities research analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

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 paid a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.77%. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

About United Rentals

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.