Hedeker Wealth LLC Grows Position in United Rentals, Inc. (NYSE:URI)

Hedeker Wealth LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,765 shares of the construction company’s stock after purchasing an additional 313 shares during the period. United Rentals makes up 2.1% of Hedeker Wealth LLC’s portfolio, making the stock its 15th largest holding. Hedeker Wealth LLC’s holdings in United Rentals were worth $7,907,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in United Rentals in the 1st quarter valued at about $27,000. RFP Financial Group LLC lifted its position in shares of United Rentals by 115.8% in 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. HHM Wealth Advisors LLC raised its stake in shares of United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after acquiring an additional 42 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of United Rentals during the 2nd quarter worth approximately $45,000. Finally, Trust Co. of Vermont raised its stake in shares of United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after acquiring an additional 60 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Down 1.0 %

United Rentals stock traded down $8.40 during midday trading on Tuesday, hitting $816.25. 100,933 shares of the stock were exchanged, compared to its average volume of 540,785. United Rentals, Inc. has a fifty-two week low of $395.44 and a fifty-two week high of $861.74. The stock has a market capitalization of $53.56 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.87 and a beta of 1.68. The stock’s 50-day simple moving average is $774.77 and its 200 day simple moving average is $709.41. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business posted $11.73 earnings per share. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that United Rentals, Inc. will post 44.31 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is presently 17.03%.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday. Citigroup boosted their price objective on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday. 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 research note on Friday, July 26th. Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Evercore ISI upped their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, United Rentals presently has an average rating of “Hold” and an average price target of $742.50.

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.