United Rentals, Inc. (NYSE:URI) Stake Lowered by Foundry Partners LLC

Foundry Partners LLC trimmed its stake in United Rentals, Inc. (NYSE:URI) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,456 shares of the construction company’s stock after selling 224 shares during the period. United Rentals accounts for 1.6% of Foundry Partners LLC’s portfolio, making the stock its 10th largest position. Foundry Partners LLC owned 0.06% of United Rentals worth $31,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of United Rentals by 11.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after purchasing an additional 964 shares during the last quarter. Essex Financial Services Inc. increased its holdings in shares of United Rentals by 31.9% in the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after purchasing an additional 136 shares during the period. Mizuho Securities USA LLC boosted its position in United Rentals by 1,067.5% in the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after buying an additional 54,750 shares during the last quarter. Tidal Investments LLC raised its position in United Rentals by 241.2% during the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after buying an additional 3,435 shares during the last quarter. Finally, BDF Gestion purchased a new position in shares of United Rentals during the second quarter worth $2,998,000. 96.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Down 0.1 %

NYSE URI opened at $820.25 on Thursday. United Rentals, Inc. has a one year low of $454.71 and a one year high of $896.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The business has a fifty day moving average price of $814.46 and a 200 day moving average price of $729.65. The company has a market cap of $53.82 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.93 and a beta of 1.68.

United Rentals (NYSE:URI) last announced 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 net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the company posted $11.73 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

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

Wall Street Analysts Forecast Growth

URI has been the subject of several analyst reports. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Robert W. Baird increased their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $751.67.

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.