United Rentals, Inc. (NYSE:URI) Shares Bought by American Trust

American Trust lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 206.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,207 shares of the construction company’s stock after buying an additional 813 shares during the period. American Trust’s holdings in United Rentals were worth $977,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Great Valley Advisor Group Inc. acquired a new stake in United Rentals during the 2nd quarter worth approximately $206,000. ORG Partners LLC acquired a new position in shares of United Rentals during the 2nd quarter valued at $119,000. Envestnet Portfolio Solutions Inc. boosted its position in United Rentals by 38.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,826 shares of the construction company’s stock worth $1,828,000 after purchasing an additional 786 shares during the period. Assenagon Asset Management S.A. increased its holdings in United Rentals by 9.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 31,723 shares of the construction company’s stock valued at $20,516,000 after purchasing an additional 2,854 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in United Rentals in the second quarter valued at about $205,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on 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 owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

Shares of NYSE URI opened at $786.30 on Friday. United Rentals, Inc. has a 12-month low of $504.65 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 company has a market cap of $51.60 billion, a PE ratio of 20.54, a P/E/G ratio of 1.87 and a beta of 1.66. The stock has a 50 day simple moving average of $834.50 and a 200-day simple moving average of $746.93.

United Rentals (NYSE:URI) last released its quarterly 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). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. 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 company posted $11.73 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.83%. United Rentals’s payout ratio is 17.03%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Citigroup boosted their target price on shares of United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research report on Monday. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. 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 report on Wednesday, November 20th. Finally, Robert W. Baird upped their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.