DGS Capital Management LLC Reduces Stock Holdings in United Rentals, Inc. (NYSE:URI)

DGS Capital Management LLC reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 7.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,347 shares of the construction company’s stock after selling 107 shares during the quarter. DGS Capital Management LLC’s holdings in United Rentals were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. RFP Financial Group LLC increased its holdings in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals during the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. increased its stake in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of United Rentals by 280.0% in the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares during the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of United Rentals during the third quarter worth $41,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The shares were 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 approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird raised their price objective on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Citigroup increased their price target on shares of United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a report on Monday. Evercore ISI increased their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $770.00.

United Rentals Price Performance

Shares of URI stock traded down $5.48 during trading hours on Friday, hitting $781.11. 40,722 shares of the company’s stock were exchanged, compared to its average volume of 542,522. The firm has a 50 day moving average of $834.50 and a two-hundred day moving average of $746.93. United Rentals, Inc. has a fifty-two week low of $533.70 and a fifty-two week high of $896.98. The firm has a market cap of $51.26 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.87 and a beta of 1.66. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

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 the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the business earned $11.73 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio is presently 17.03%.

United Rentals Company 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.