United Rentals, Inc. (NYSE:URI) Stake Decreased by Clarius Group LLC

Clarius Group LLC lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 60.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458 shares of the construction company’s stock after selling 699 shares during the period. Clarius Group LLC’s holdings in United Rentals were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Capital Insight Partners LLC increased its stake in shares of United Rentals by 3.9% during the third quarter. Capital Insight Partners LLC now owns 1,293 shares of the construction company’s stock valued at $1,047,000 after acquiring an additional 48 shares during the period. Sanibel Captiva Trust Company Inc. increased its stake in shares of United Rentals by 4.0% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 3,194 shares of the construction company’s stock valued at $2,586,000 after acquiring an additional 124 shares during the period. Wedmont Private Capital increased its stake in shares of United Rentals by 1.8% during the third quarter. Wedmont Private Capital now owns 2,096 shares of the construction company’s stock valued at $1,681,000 after acquiring an additional 37 shares during the period. CWM LLC grew its position in United Rentals by 1.1% in the third quarter. CWM LLC now owns 4,519 shares of the construction company’s stock worth $3,659,000 after buying an additional 48 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its position in United Rentals by 3.6% in the third quarter. Daymark Wealth Partners LLC now owns 1,591 shares of the construction company’s stock worth $1,289,000 after buying an additional 55 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’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 directly owns 4,090 shares in the company, valued at $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Evercore ISI lifted their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Citigroup lifted their target price on shares of United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a research note on Wednesday. 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 stock. According to data from MarketBeat, United Rentals has an average rating of “Hold” and a consensus price target of $714.92.

United Rentals Stock Performance

Shares of URI opened at $819.00 on Friday. The company has a market capitalization of $54.17 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.88 and a beta of 1.68. United Rentals, Inc. has a one year low of $387.01 and a one year high of $826.24. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The company’s fifty day moving average price is $744.21 and its 200 day moving average price is $699.35.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 24th. The construction company reported $10.70 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 firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $9.88 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts expect that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. United Rentals’s payout ratio is 17.21%.

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.