Thrivent Financial for Lutherans Trims Holdings in United Rentals, Inc. (NYSE:URI)

Thrivent Financial for Lutherans reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 316,682 shares of the construction company’s stock after selling 17,497 shares during the period. United Rentals accounts for about 0.5% of Thrivent Financial for Lutherans’ investment portfolio, making the stock its 23rd largest position. Thrivent Financial for Lutherans owned about 0.48% of United Rentals worth $256,427,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Adero Partners LLC purchased a new stake in United Rentals in the 3rd quarter worth approximately $239,000. Schear Investment Advisers LLC boosted its holdings in shares of United Rentals by 17.8% during the third quarter. Schear Investment Advisers LLC now owns 1,668 shares of the construction company’s stock worth $1,351,000 after purchasing an additional 252 shares during the last quarter. Natixis Advisors LLC grew its position in shares of United Rentals by 0.9% in the third quarter. Natixis Advisors LLC now owns 63,256 shares of the construction company’s stock valued at $51,220,000 after purchasing an additional 538 shares during the period. Mizuho Securities USA LLC increased its stake 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 purchasing an additional 54,750 shares during the last quarter. Finally, KCM Investment Advisors LLC purchased a new position in United Rentals during the third quarter worth about $201,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Barclays lifted their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Citigroup boosted their target price on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Robert W. Baird increased 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. Truist Financial boosted their price objective on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI upped their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $742.50.

United Rentals Stock Performance

Shares of NYSE:URI opened at $836.00 on Friday. The business’s 50-day simple moving average is $807.10 and its 200 day simple moving average is $726.23. The company has a market cap of $54.86 billion, a P/E ratio of 21.83, a PEG ratio of 1.96 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals, Inc. has a one year low of $454.71 and a one year high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion for 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 company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $11.73 EPS. On average, sell-side analysts forecast that United Rentals, Inc. will post 43.55 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company 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 $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.78%. United Rentals’s payout ratio is currently 17.03%.

Insider Activity

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.