Great Valley Advisor Group Inc. Boosts Stock Position in United Rentals, Inc. (NYSE:URI)

Great Valley Advisor Group Inc. raised its position in United Rentals, Inc. (NYSE:URI) by 23.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392 shares of the construction company’s stock after buying an additional 74 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in United Rentals were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in URI. International Assets Investment Management LLC raised its stake in shares of United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after buying an additional 1,604,715 shares during the period. AMF Tjanstepension AB raised its stake in shares of United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after buying an additional 199,810 shares during the period. Marshall Wace LLP raised its stake in shares of United Rentals by 259.3% in the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after buying an additional 108,360 shares during the period. AGF Management Ltd. raised its stake in shares of United Rentals by 4,778.7% during the 2nd quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock valued at $67,048,000 after purchasing an additional 101,547 shares during the period. Finally, Swedbank AB bought a new stake in shares of United Rentals during the 1st quarter valued at $41,731,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on URI shares. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Citigroup boosted their price objective on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays boosted their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. 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 research note on Thursday, October 3rd. Finally, Truist Financial boosted their price objective on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus target price of $751.67.

Insider Activity at United Rentals

In related 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 transaction 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 $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by company insiders.

United Rentals Price Performance

URI opened at $856.98 on Thursday. The stock has a 50-day moving average price of $823.89 and a 200-day moving average price of $734.81. United Rentals, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $56.24 billion, a P/E ratio of 22.38, a PEG ratio of 2.03 and a beta of 1.68.

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). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the company posted $11.73 earnings per share. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio is presently 17.03%.

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.