Golden State Equity Partners Sells 331 Shares of United Rentals, Inc. (NYSE:URI)

Golden State Equity Partners lowered its stake in United Rentals, Inc. (NYSE:URI) by 55.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271 shares of the construction company’s stock after selling 331 shares during the period. Golden State Equity Partners’ holdings in United Rentals were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Crewe Advisors LLC purchased a new stake in shares of United Rentals in the first quarter worth $27,000. RFP Financial Group LLC grew its position in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares during the last quarter. HHM Wealth Advisors LLC raised its holdings in United Rentals by 280.0% in the second 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 last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of United Rentals in the second quarter worth approximately $45,000. Finally, Trust Co. of Vermont grew its holdings in shares of United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after buying an additional 60 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI opened at $813.37 on Friday. The business has a 50-day simple moving average of $780.36 and a two-hundred day simple moving average of $711.80. 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 52 week low of $395.44 and a 52 week high of $861.74. The stock has a market cap of $53.37 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.87 and a beta of 1.68.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the company posted $11.73 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. On average, analysts expect that United Rentals, Inc. will post 44.31 EPS for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is 17.03%.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

URI has been the topic of several analyst reports. Truist Financial upped their price objective on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Citigroup raised their price target 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. Finally, Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, United Rentals presently has a consensus rating of “Hold” and an average price target of $742.50.

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.