CreativeOne Wealth LLC Raises Holdings in United Rentals, Inc. (NYSE:URI)

CreativeOne Wealth LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 24.5% during the third quarter, Holdings Channel.com reports. The fund owned 1,933 shares of the construction company’s stock after acquiring an additional 381 shares during the period. CreativeOne Wealth LLC’s holdings in United Rentals were worth $1,565,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of URI. Atria Investments Inc lifted its holdings in shares of United Rentals by 24.5% during the first quarter. Atria Investments Inc now owns 3,865 shares of the construction company’s stock worth $2,787,000 after purchasing an additional 761 shares during the period. Invst LLC acquired a new position in United Rentals in the first quarter valued at approximately $221,000. Cetera Investment Advisers lifted its holdings in United Rentals by 155.0% in the first quarter. Cetera Investment Advisers now owns 26,178 shares of the construction company’s stock valued at $18,877,000 after acquiring an additional 15,913 shares during the period. Cetera Advisors LLC lifted its holdings in United Rentals by 146.6% in the first quarter. Cetera Advisors LLC now owns 6,176 shares of the construction company’s stock valued at $4,454,000 after acquiring an additional 3,672 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in United Rentals by 50.9% in the first quarter. EverSource Wealth Advisors LLC now owns 175 shares of the construction company’s stock valued at $117,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on URI. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Truist Financial upped their target price on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Robert W. Baird upped their target price on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $751.67.

United Rentals Stock Down 1.9 %

Shares of NYSE:URI opened at $856.98 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The business has a fifty day moving average of $825.56 and a two-hundred day moving average of $735.67. The stock has a market cap of $56.24 billion, a P/E ratio of 22.38, a PEG ratio of 2.01 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last issued its earnings results 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). The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $11.73 earnings per share. On average, research analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio is presently 17.03%.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

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.