Thoroughbred Financial Services LLC Boosts Holdings in United Rentals, Inc. (NYSE:URI)

Thoroughbred Financial Services LLC increased its position in United Rentals, Inc. (NYSE:URI) by 17.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,122 shares of the construction company’s stock after purchasing an additional 762 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in United Rentals were worth $3,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in URI. Essex Financial Services Inc. grew its stake in shares of United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after acquiring an additional 136 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in United Rentals during the 4th quarter worth approximately $780,000. Forsta AP Fonden raised its position 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 purchasing an additional 400 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of United Rentals by 241.2% during 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 during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of United Rentals during the fourth quarter worth approximately $779,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on URI shares. The Goldman Sachs Group upped their price target 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. Truist Financial upped their target price on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. began coverage on shares of United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target on the stock. Citigroup began coverage on United Rentals in a report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective for the company. Finally, Evercore ISI upped their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $675.15.

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by insiders.

United Rentals Trading Up 2.4 %

Shares of NYSE URI opened at $729.47 on Friday. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $789.80. The company has a market cap of $48.58 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.64 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. The stock’s 50 day simple moving average is $710.11 and its 200 day simple moving average is $684.42.

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, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the business posted $9.88 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts expect that United Rentals, Inc. will post 44.39 EPS for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is 17.66%.

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.