United Rentals, Inc. (NYSE:URI) Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its holdings in United Rentals, Inc. (NYSE:URI) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,446 shares of the construction company’s stock after buying an additional 95 shares during the period. Assetmark Inc.’s holdings in United Rentals were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URI. Duncker Streett & Co. Inc. boosted its holdings in shares of United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after purchasing an additional 14 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in United Rentals by 3.8% during the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after buying an additional 14 shares during the last quarter. IAM Advisory LLC grew its holdings in United Rentals by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after buying an additional 14 shares in the last quarter. CVA Family Office LLC increased its stake in shares of United Rentals by 1.7% in the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after acquiring an additional 14 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of United Rentals by 3.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock worth $367,000 after acquiring an additional 14 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 1.1 %

Shares of URI opened at $849.60 on Friday. The company’s 50-day simple moving average is $804.01 and its 200-day simple moving average is $724.97. 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, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98. The stock has a market capitalization of $55.75 billion, a PE ratio of 22.19, a P/E/G ratio of 2.03 and a beta of 1.68.

United Rentals (NYSE:URI) last released its earnings results 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 business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the company earned $11.73 earnings per share. United Rentals’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts forecast that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.77%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on URI. The Goldman Sachs Group upped their price objective on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Robert W. Baird raised their price target on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Truist Financial upped their price objective on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Citigroup lifted their target price on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, United Rentals presently has an average rating of “Hold” and an average price target of $742.50.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.53% of the stock is owned by company insiders.

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.