United Rentals, Inc. (NYSE:URI) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in United Rentals, Inc. (NYSE:URI) by 11.6% in the third quarter, Holdings Channel.com reports. The firm owned 1,346 shares of the construction company’s stock after acquiring an additional 140 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in United Rentals were worth $1,090,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Raleigh Capital Management Inc. grew its position in shares of United Rentals by 61.2% in the third quarter. Raleigh Capital Management Inc. now owns 79 shares of the construction company’s stock valued at $64,000 after purchasing an additional 30 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of United Rentals by 2.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 20,734 shares of the construction company’s stock valued at $16,789,000 after acquiring an additional 539 shares in the last quarter. Whittier Trust Co. raised its stake in shares of United Rentals by 1.8% in the third quarter. Whittier Trust Co. now owns 54,328 shares of the construction company’s stock valued at $43,990,000 after acquiring an additional 980 shares in the last quarter. Kennedy Investment Group raised its stake in United Rentals by 14.2% in the third quarter. Kennedy Investment Group now owns 5,798 shares of the construction company’s stock valued at $4,695,000 after buying an additional 722 shares in the last quarter. Finally, Wealth Effects LLC raised its stake in United Rentals by 1.5% in the third quarter. Wealth Effects LLC now owns 3,595 shares of the construction company’s stock valued at $2,911,000 after buying an additional 54 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on URI shares. The Goldman Sachs Group lifted their target price on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup raised their price target on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday. Bank of America lifted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial lifted their price target on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday. Finally, Barclays lifted their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $742.50.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

Shares of URI opened at $811.70 on Friday. The company has a market capitalization of $54.05 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. United Rentals, Inc. has a one year low of $387.01 and a one year high of $861.74. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The company’s fifty day moving average price is $772.68 and its 200 day moving average price is $708.16.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the business earned $11.73 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that United Rentals, Inc. will post 44.38 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. United Rentals’s payout ratio is 17.66%.

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.