MidWestOne Financial Group Inc. Sells 113 Shares of United Rentals, Inc. (NYSE:URI)

MidWestOne Financial Group Inc. lowered its stake in United Rentals, Inc. (NYSE:URI) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,986 shares of the construction company’s stock after selling 113 shares during the period. United Rentals makes up 0.7% of MidWestOne Financial Group Inc.’s holdings, making the stock its 22nd biggest holding. MidWestOne Financial Group Inc.’s holdings in United Rentals were worth $4,847,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its stake in shares of United Rentals by 8.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,206 shares of the construction company’s stock valued at $780,000 after purchasing an additional 91 shares during the last quarter. Diversified Trust Co lifted its stake in United Rentals by 9.2% in the 2nd quarter. Diversified Trust Co now owns 1,582 shares of the construction company’s stock valued at $1,023,000 after purchasing an additional 133 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new stake in United Rentals in the second quarter valued at approximately $206,000. ORG Partners LLC acquired a new position in shares of United Rentals during the second quarter worth $119,000. Finally, Bremer Bank National Association lifted its stake in shares of United Rentals by 3.0% in the 2nd quarter. Bremer Bank National Association now owns 1,148 shares of the construction company’s stock valued at $742,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals 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 completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Down 2.7 %

Shares of NYSE:URI opened at $835.89 on Tuesday. The company has a market capitalization of $54.85 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.66. United Rentals, Inc. has a 1 year low of $491.60 and a 1 year high of $896.98. 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 moving average price of $834.75 and a two-hundred day moving average price of $745.44.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm 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 in the previous year, the company posted $11.73 EPS. Analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup lifted their price target on United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research note on Monday. Barclays lifted their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Bank of America upped their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Truist Financial boosted their target price on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Hold” and a consensus target price of $770.00.

United Rentals 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.