Axxcess Wealth Management LLC Acquires Shares of 543 United Rentals, Inc. (NYSE:URI)

Axxcess Wealth Management LLC bought a new position in United Rentals, Inc. (NYSE:URI) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 543 shares of the construction company’s stock, valued at approximately $440,000.

Several other hedge funds have also recently made changes to their positions in URI. Sigma Planning Corp grew its holdings in United Rentals by 4.4% during the 3rd quarter. Sigma Planning Corp now owns 1,981 shares of the construction company’s stock valued at $1,604,000 after purchasing an additional 83 shares during the last quarter. XML Financial LLC purchased a new stake in shares of United Rentals in the third quarter worth approximately $218,000. GSG Advisors LLC bought a new stake in shares of United Rentals during the 3rd quarter worth approximately $805,000. Kerusso Capital Management LLC boosted its holdings in United Rentals by 6.3% during the 3rd quarter. Kerusso Capital Management LLC now owns 6,404 shares of the construction company’s stock valued at $5,186,000 after acquiring an additional 382 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in United Rentals by 6.6% during the 3rd quarter. Lindbrook Capital LLC now owns 2,129 shares of the construction company’s stock valued at $1,724,000 after acquiring an additional 131 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Down 0.8 %

Shares of URI stock opened at $859.41 on Thursday. United Rentals, Inc. has a fifty-two week low of $454.71 and a fifty-two week high of $896.98. The company has a 50 day moving average price of $800.97 and a 200 day moving average price of $724.10. The stock has a market capitalization of $56.39 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $11.73 EPS. Equities research analysts predict that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.76%. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on 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 $1,682,702.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Evercore ISI lifted their target price on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Robert W. Baird upped their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Bank of America boosted their price target 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. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Truist Financial boosted their price objective on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $742.50.

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.