Smith Chas P & Associates PA Cpas Has $324,000 Position in United Rentals, Inc. (NYSE:URI)

Smith Chas P & Associates PA Cpas trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 400 shares of the construction company’s stock after selling 56 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in United Rentals were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Financial Corp IN acquired a new position in shares of United Rentals in the first quarter worth approximately $25,000. Crewe Advisors LLC acquired a new position in United Rentals in the first quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in shares of United Rentals during the 1st quarter worth approximately $28,000. RFP Financial Group LLC grew its position in shares of United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares during the period. Finally, Riverview Trust Co bought a new stake in shares of United Rentals in the 1st quarter valued at $31,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on URI shares. Raymond James assumed coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. Evercore ISI increased their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Truist Financial boosted their target price on shares of United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird lifted 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. Finally, Citigroup upped their price objective on United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $714.92.

Insider Activity

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Up 2.0 %

URI stock opened at $819.00 on Monday. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $826.24. The firm has a market capitalization of $54.54 billion, a PE ratio of 22.18, a PEG ratio of 1.86 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The stock has a 50-day simple moving average of $744.21 and a two-hundred day simple moving average of $699.16.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company posted $9.88 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts predict that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. United Rentals’s payout ratio is currently 17.66%.

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.