Eastover Investment Advisors LLC Has $6.50 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Eastover Investment Advisors LLC decreased its stake in United Rentals, Inc. (NYSE:URI) by 2.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,230 shares of the construction company’s stock after selling 209 shares during the quarter. United Rentals makes up 3.0% of Eastover Investment Advisors LLC’s holdings, making the stock its 20th largest holding. Eastover Investment Advisors LLC’s holdings in United Rentals were worth $6,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mayflower Financial Advisors LLC increased its position in shares of United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after purchasing an additional 13 shares during the last quarter. Allen Capital Group LLC grew its stake in shares of United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after buying an additional 13 shares in the last quarter. First County Bank CT raised its position in United Rentals by 3.2% during the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after acquiring an additional 13 shares in the last quarter. IAM Advisory LLC raised its position in United Rentals by 1.6% during the third 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. Finally, CVA Family Office LLC lifted its stake in United Rentals by 1.7% in the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after acquiring an additional 14 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of United Rentals stock opened at $671.35 on Monday. The company has a 50-day simple moving average of $789.04 and a two-hundred day simple moving average of $758.98. United Rentals, Inc. has a twelve month low of $536.83 and a twelve month high of $896.98. The stock has a market capitalization of $44.06 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. 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 (NYSE:URI) last issued its quarterly 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 the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $11.73 earnings per share. Analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the 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 in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

URI has been the topic of a number of research analyst reports. Truist Financial upped their target price on shares of United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Citigroup increased their price target on United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Bank of America lifted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $817.08.

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.