Centaurus Financial Inc. Acquires 93 Shares of United Rentals, Inc. (NYSE:URI)

Centaurus Financial Inc. grew its holdings in United Rentals, Inc. (NYSE:URI) by 10.5% during the third quarter, Holdings Channel.com reports. The firm owned 982 shares of the construction company’s stock after acquiring an additional 93 shares during the quarter. Centaurus Financial Inc.’s holdings in United Rentals were worth $795,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in URI. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 buying an additional 964 shares during the last quarter. Essex Financial Services Inc. grew its holdings in shares of United Rentals by 31.9% in the 2nd quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after acquiring an additional 136 shares in the last quarter. Retireful LLC acquired a new stake in shares of United Rentals in the third quarter valued at about $697,000. Mizuho Securities USA LLC raised its holdings in United Rentals by 1,067.5% during the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after acquiring an additional 54,750 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in United Rentals by 241.2% during the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock valued at $3,504,000 after purchasing an additional 3,435 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on URI shares. Evercore ISI boosted their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Citigroup boosted their target price on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America increased their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Argus boosted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird raised their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and a consensus target price of $751.67.

United Rentals Stock Performance

URI opened at $864.39 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The business has a fifty day simple moving average of $821.86 and a 200 day simple moving average of $733.58. United Rentals, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98. The company has a market capitalization of $56.72 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 1.99 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm posted $11.73 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Research analysts expect that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.75%. United Rentals’s 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 sale, the senior vice president now directly owns 2,044 shares of the company’s stock, 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. Insiders own 0.49% 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.