Inspire Investing LLC Reduces Stock Position in United Rentals, Inc. (NYSE:URI)

Inspire Investing LLC trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,208 shares of the construction company’s stock after selling 434 shares during the period. Inspire Investing LLC’s holdings in United Rentals were worth $5,027,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. First Financial Corp IN bought a new stake in shares of United Rentals in the 1st quarter worth approximately $25,000. Crewe Advisors LLC bought a new stake in United Rentals in the first quarter valued at $27,000. RFP Financial Group LLC raised its holdings in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of United Rentals in the 1st quarter worth about $28,000. Finally, Riverview Trust Co bought a new stake in shares of United Rentals during the 1st quarter valued at about $31,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.53% of the company’s stock.

United Rentals Trading Up 2.0 %

Shares of URI stock opened at $819.00 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $826.24. The stock has a market capitalization of $54.17 billion, a P/E ratio of 21.62, a P/E/G ratio of 1.86 and a beta of 1.68. The firm’s 50 day moving average is $744.21 and its 200 day moving average is $699.31.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm posted $9.88 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts expect that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.80%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio is presently 17.21%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on URI shares. Citigroup increased their price target on shares of United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James started coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. JPMorgan Chase & Co. increased their price objective on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Robert W. Baird boosted their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group increased their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, United Rentals has an average rating of “Hold” and an average target price of $714.92.

United Rentals Company Profile

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.