Highview Capital Management LLC DE Sells 30 Shares of United Rentals, Inc. (NYSE:URI)

Highview Capital Management LLC DE decreased its holdings in United Rentals, Inc. (NYSE:URI) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 284 shares of the construction company’s stock after selling 30 shares during the quarter. Highview Capital Management LLC DE’s holdings in United Rentals were worth $230,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hedeker Wealth LLC lifted its stake in United Rentals by 3.3% during the third quarter. Hedeker Wealth LLC now owns 9,765 shares of the construction company’s stock worth $7,907,000 after purchasing an additional 313 shares during the period. Strategic Blueprint LLC bought a new position in shares of United Rentals during the third quarter valued at $240,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of United Rentals in the 3rd quarter valued at $243,000. Traynor Capital Management Inc. grew its holdings in shares of United Rentals by 21.6% in the 3rd quarter. Traynor Capital Management Inc. now owns 9,760 shares of the construction company’s stock worth $7,903,000 after purchasing an additional 1,736 shares during the last quarter. Finally, abrdn plc increased its position in shares of United Rentals by 1.3% during the 3rd quarter. abrdn plc now owns 31,348 shares of the construction company’s stock worth $25,187,000 after purchasing an additional 389 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on URI shares. Robert W. Baird boosted their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI boosted their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Truist Financial raised their target price on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Citigroup raised their price objective on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and a consensus target price of $742.50.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction 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 $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other United Rentals news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

United Rentals Stock Performance

Shares of United Rentals stock opened at $812.44 on Wednesday. The firm has a fifty day moving average of $776.69 and a two-hundred day moving average of $710.38. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market capitalization of $53.31 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.87 and a beta of 1.68. United Rentals, Inc. has a 52 week low of $395.44 and a 52 week high of $861.74.

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 company had revenue of $3.99 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $11.73 EPS. As a group, equities research analysts predict that United Rentals, Inc. will post 44.31 EPS for the current year.

United Rentals Announces Dividend

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

United Rentals 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.