Townsquare Capital LLC Acquires 359 Shares of United Rentals, Inc. (NYSE:URI)

Townsquare Capital LLC boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 17.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,383 shares of the construction company’s stock after purchasing an additional 359 shares during the period. Townsquare Capital LLC’s holdings in United Rentals were worth $1,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cetera Advisors LLC lifted its holdings in shares of United Rentals by 146.6% in the 1st quarter. Cetera Advisors LLC now owns 6,176 shares of the construction company’s stock worth $4,454,000 after acquiring an additional 3,672 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in United Rentals by 50.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 175 shares of the construction company’s stock worth $117,000 after purchasing an additional 59 shares during the period. Transcend Capital Advisors LLC lifted its stake in United Rentals by 20.8% in the second quarter. Transcend Capital Advisors LLC now owns 557 shares of the construction company’s stock worth $360,000 after purchasing an additional 96 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of United Rentals by 14.5% during the second quarter. GAMMA Investing LLC now owns 798 shares of the construction company’s stock valued at $516,000 after buying an additional 101 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of United Rentals by 21.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 233 shares of the construction company’s stock worth $151,000 after buying an additional 41 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.

United Rentals Trading Up 1.1 %

Shares of NYSE:URI opened at $866.00 on Monday. The company has a market capitalization of $56.83 billion, a PE ratio of 22.62, a P/E/G ratio of 2.03 and a beta of 1.68. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12-month low of $473.58 and a 12-month high of $896.98. The business’s fifty day simple moving average is $828.46 and its 200-day simple moving average is $737.98.

United Rentals (NYSE:URI) last posted 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%. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $11.73 EPS. As a group, equities research analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.75%. United Rentals’s payout ratio is 17.03%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird boosted their price objective on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, Citigroup raised their target price on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of “Hold” and an average price target of $751.67.

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.