United Rentals, Inc. $URI Position Raised by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 11.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,665 shares of the construction company’s stock after purchasing an additional 1,070 shares during the period. ProShare Advisors LLC’s holdings in United Rentals were worth $10,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cidel Asset Management Inc. grew its position in United Rentals by 2.4% during the second quarter. Cidel Asset Management Inc. now owns 425 shares of the construction company’s stock valued at $481,000 after buying an additional 10 shares during the period. SBI Securities Co. Ltd. boosted its stake in United Rentals by 3.1% in the third quarter. SBI Securities Co. Ltd. now owns 331 shares of the construction company’s stock valued at $331,000 after acquiring an additional 10 shares during the last quarter. PFG Investments LLC boosted its stake in United Rentals by 0.9% in the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock valued at $854,000 after acquiring an additional 11 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of United Rentals by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company’s stock valued at $86,000 after acquiring an additional 11 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of United Rentals by 0.8% during the 1st quarter. Parallel Advisors LLC now owns 1,485 shares of the construction company’s stock valued at $1,082,000 after acquiring an additional 12 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Down 0.1%

Shares of United Rentals stock opened at $1,173.72 on Wednesday. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,202.12. The stock’s 50-day simple moving average is $1,052.53 and its 200 day simple moving average is $973.16. The stock has a market capitalization of $72.68 billion, a P/E ratio of 25.80, a P/E/G ratio of 1.65 and a beta of 1.82. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.80.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, beating the consensus estimate of $13.97 by $1.58. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.71 billion. United Rentals had a net margin of 16.33% and a return on equity of 33.47%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $11.70 earnings per share. As a group, research analysts anticipate that United Rentals, Inc. will post 51.17 EPS for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be given a dividend of $1.97 per share. The ex-dividend date is Tuesday, November 10th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio is currently 17.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. KeyCorp restated an “overweight” rating on shares of United Rentals in a research note on Friday, October 23rd. Wells Fargo & Company upped their price objective on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. downgraded United Rentals from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $1,235.00 to $1,170.00 in a research note on Thursday, September 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of United Rentals in a report on Wednesday, October 21st. Finally, Morgan Stanley raised their target price on United Rentals from $1,335.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $1,292.88.

United Rentals Company Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.