X Square Capital LLC Has $4.04 Million Holdings in United Rentals, Inc. (NYSE:URI)

X Square Capital LLC grew its holdings in United Rentals, Inc. (NYSE:URI) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,988 shares of the construction company’s stock after buying an additional 154 shares during the quarter. United Rentals accounts for approximately 1.8% of X Square Capital LLC’s holdings, making the stock its 11th biggest holding. X Square Capital LLC’s holdings in United Rentals were worth $4,039,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Essex Financial Services Inc. raised its stake in shares of United Rentals by 31.9% in the 2nd quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after buying an additional 136 shares in the last quarter. Forsta AP Fonden raised its stake in shares of United Rentals by 2.8% in the 1st quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock valued at $10,528,000 after buying an additional 400 shares in the last quarter. Tidal Investments LLC raised its stake in shares of United Rentals by 241.2% in the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock valued at $3,504,000 after buying an additional 3,435 shares in the last quarter. BDF Gestion acquired a new position in shares of United Rentals in the 2nd quarter valued at $2,998,000. Finally, Orion Portfolio Solutions LLC raised its stake in shares of United Rentals by 48.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock valued at $2,256,000 after buying an additional 1,016 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of a number of recent research reports. Truist Financial increased their price objective 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. Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Robert W. Baird upped their target price 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. The Goldman Sachs Group upped their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Raymond James started coverage on shares of United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $714.92.

United Rentals Stock Down 1.7 %

Shares of NYSE URI opened at $833.10 on Thursday. The firm has a market capitalization of $55.10 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $861.74. The firm’s 50-day moving average is $768.65 and its 200-day moving average is $706.59.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $9.88 EPS. Equities analysts expect that United Rentals, Inc. will post 44.38 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. United Rentals’s dividend payout ratio (DPR) is presently 17.21%.

Insider Activity

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

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.