United Rentals, Inc. (NYSE:URI) Shares Sold by Semus Wealth Partners LLC

Semus Wealth Partners LLC decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 20.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,129 shares of the construction company’s stock after selling 297 shares during the quarter. Semus Wealth Partners LLC’s holdings in United Rentals were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new position in shares of United Rentals during the 1st quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals during the 3rd quarter worth $31,000. RFP Financial Group LLC increased its stake 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 buying an additional 22 shares during the period. Carmichael Hill & Associates Inc. increased its stake 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 buying an additional 20 shares during the period. Finally, HM Payson & Co. purchased a new stake in United Rentals during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

United Rentals Trading Up 2.3 %

United Rentals stock opened at $855.00 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The firm has a 50-day moving average price of $807.10 and a two-hundred day moving average price of $726.74. The firm has a market capitalization of $56.11 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.96 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion for 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 for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $11.73 earnings per share. Sell-side analysts expect that United Rentals, Inc. will post 43.55 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 17.03%.

Wall Street Analyst Weigh In

URI has been the topic of several analyst reports. Citigroup lifted their price target on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price target 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. Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their target price 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. Finally, Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Three 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.