New England Research & Management Inc. Has $7.42 Million Stock Position in United Rentals, Inc. $URI

New England Research & Management Inc. decreased its stake in United Rentals, Inc. (NYSE:URI) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,776 shares of the construction company’s stock after selling 1,009 shares during the quarter. United Rentals makes up about 3.4% of New England Research & Management Inc.’s investment portfolio, making the stock its 3rd largest position. New England Research & Management Inc.’s holdings in United Rentals were worth $7,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. CreativeOne Wealth LLC increased its position in shares of United Rentals by 0.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after purchasing an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of United Rentals by 2.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after acquiring an additional 11 shares in the last quarter. Bank of Jackson Hole Trust boosted its holdings in shares of United Rentals by 12.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after acquiring an additional 12 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after acquiring an additional 13 shares during the last quarter. Finally, Cooper Financial Group increased its holdings in United Rentals by 1.6% during the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after purchasing an additional 13 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URI has been the topic of a number of recent analyst reports. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. UBS Group reaffirmed a “neutral” rating and issued a $1,025.00 price target on shares of United Rentals in a report on Tuesday, October 28th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $961.72.

United Rentals Stock Performance

United Rentals stock opened at $810.64 on Tuesday. The company has a market cap of $51.58 billion, a PE ratio of 20.85, a PEG ratio of 1.85 and a beta of 1.68. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The company’s 50-day moving average is $869.95 and its two-hundred day moving average is $858.29.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the firm earned $11.80 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s dividend payout ratio is currently 18.42%.

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.