Jackson Creek Investment Advisors LLC Sells 124 Shares of United Rentals, Inc. (NYSE:URI)

Jackson Creek Investment Advisors LLC decreased its position in United Rentals, Inc. (NYSE:URI) by 18.3% during the second quarter, HoldingsChannel.com reports. The firm owned 552 shares of the construction company’s stock after selling 124 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in United Rentals were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. First Financial Corp IN purchased a new position in United Rentals in the first quarter worth about $25,000. Crewe Advisors LLC bought a new stake in shares of United Rentals during the first quarter valued at approximately $27,000. RFP Financial Group LLC raised its holdings in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares during the last quarter. Rise Advisors LLC purchased a new position in United Rentals in the 1st quarter worth approximately $28,000. Finally, Riverview Trust Co bought a new position in United Rentals in the 1st quarter valued at approximately $31,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the stock in a transaction 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 directly owns 4,090 shares of the company’s stock, valued at $2,822,100. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Trading Down 0.2 %

NYSE:URI opened at $700.57 on Thursday. United Rentals, Inc. has a one year low of $387.01 and a one year high of $789.80. The business has a fifty day moving average price of $701.55 and a 200-day moving average price of $682.22. The firm has a market capitalization of $46.34 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the business posted $9.88 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Sell-side analysts forecast that United Rentals, Inc. will post 44.5 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Wednesday, August 14th. United Rentals’s payout ratio is 17.66%.

Wall Street Analyst Weigh In

URI has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Citigroup began coverage on United Rentals in a report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective for the company. Raymond James assumed coverage on shares of United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target on the stock. Finally, Truist Financial boosted their price objective on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $675.15.

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.