United Rentals, Inc. (NYSE:URI) Shares Purchased by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 76.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,096 shares of the construction company’s stock after purchasing an additional 6,997 shares during the period. United Rentals makes up about 2.2% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 10th biggest position. Smithbridge Asset Management Inc. DE’s holdings in United Rentals were worth $13,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Duncker Streett & Co. Inc. increased its holdings in United Rentals by 0.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after buying an additional 14 shares during the period. Ameritas Advisory Services LLC lifted its position in shares of United Rentals by 3.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after buying an additional 14 shares in the last quarter. IAM Advisory LLC increased its holdings in United Rentals by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after acquiring an additional 14 shares in the last quarter. CVA Family Office LLC raised its position in shares of United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after purchasing an additional 14 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of United Rentals by 3.7% in the first quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock worth $301,000 after acquiring an additional 15 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup boosted their target price on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday. 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. Barclays increased 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. JPMorgan Chase & Co. lifted their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $742.50.

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 360 shares of the company’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 sale, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by insiders.

United Rentals Price Performance

Shares of URI opened at $821.05 on Monday. 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 fifty-two week low of $395.44 and a fifty-two week high of $861.74. The company has a market cap of $53.88 billion, a P/E ratio of 21.22, a PEG ratio of 1.87 and a beta of 1.68. The firm’s 50 day moving average price is $772.68 and its 200 day moving average price is $708.43.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the firm posted $11.73 earnings per share. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts forecast that United Rentals, Inc. will post 44.31 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s payout ratio is currently 17.03%.

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.