United Rentals, Inc. (NYSE:URI) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC lowered its holdings in United Rentals, Inc. (NYSE:URI) by 1.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,224 shares of the construction company’s stock after selling 379 shares during the quarter. United Rentals accounts for about 7.1% of Court Place Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Court Place Advisors LLC’s holdings in United Rentals were worth $24,473,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in shares of United Rentals by 8.3% in the third quarter. Ballentine Partners LLC now owns 1,085 shares of the construction company’s stock worth $879,000 after acquiring an additional 83 shares during the last quarter. Dakota Wealth Management boosted its holdings in United Rentals by 183.0% in the 3rd quarter. Dakota Wealth Management now owns 11,060 shares of the construction company’s stock valued at $8,956,000 after purchasing an additional 7,152 shares during the period. Jackson Wealth Management LLC increased its holdings in shares of United Rentals by 69.2% during the 3rd quarter. Jackson Wealth Management LLC now owns 8,598 shares of the construction company’s stock worth $6,962,000 after purchasing an additional 3,515 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of United Rentals by 35.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 6,047 shares of the construction company’s stock worth $4,896,000 after purchasing an additional 1,589 shares during the period. Finally, X Square Capital LLC raised its position in shares of United Rentals by 3.2% during the third quarter. X Square Capital LLC now owns 4,988 shares of the construction company’s stock valued at $4,039,000 after buying an additional 154 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

URI stock traded up $0.59 during midday trading on Friday, reaching $825.58. 41,906 shares of the company’s stock traded hands, compared to its average volume of 541,401. The company has a 50-day simple moving average of $770.73 and a two-hundred day simple moving average of $707.41. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $861.74. The company has a market cap of $54.60 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.73 EPS. On average, analysts anticipate that United Rentals, Inc. will post 44.38 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, November 13th. United Rentals’s dividend payout ratio is presently 17.21%.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on URI shares. Citigroup boosted their price target on United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Robert W. Baird lifted their price target 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. The Goldman Sachs Group boosted their price target on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Bank of America raised their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $728.93.

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.