266 Shares in United Rentals, Inc. (NYSE:URI) Bought by Circle Wealth Management LLC

Circle Wealth Management LLC purchased a new position in United Rentals, Inc. (NYSE:URI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 266 shares of the construction company’s stock, valued at approximately $215,000.

A number of other institutional investors also recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals in the third quarter worth $31,000. RFP Financial Group LLC grew its position in 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 purchasing an additional 22 shares during the period. Carmichael Hill & Associates Inc. grew its position in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. HM Payson & Co. purchased a new position in shares of United Rentals during the 3rd quarter valued at about $41,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock valued at $37,000 after buying an additional 42 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

NYSE:URI opened at $866.00 on Friday. The company’s 50-day moving average is $828.46 and its two-hundred day moving average is $737.68. United Rentals, Inc. has a 1-year low of $473.58 and a 1-year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The firm has a market capitalization of $56.83 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.03 and a beta of 1.68.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.73 earnings per share. Analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

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 transaction of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on URI shares. JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Evercore ISI lifted their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Citigroup increased their target price on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays lifted their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $751.67.

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.