Meeder Advisory Services Inc. Sells 19 Shares of United Rentals, Inc. (NYSE:URI)

Meeder Advisory Services Inc. reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,364 shares of the construction company’s stock after selling 19 shares during the quarter. Meeder Advisory Services Inc.’s holdings in United Rentals were worth $1,914,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Covestor Ltd increased its holdings in United Rentals by 155.6% in the 1st quarter. Covestor Ltd now owns 138 shares of the construction company’s stock worth $100,000 after purchasing an additional 84 shares in the last quarter. Clearbridge Investments LLC raised its holdings in United Rentals by 0.5% in the 1st quarter. Clearbridge Investments LLC now owns 8,241 shares of the construction company’s stock valued at $5,943,000 after buying an additional 40 shares during the last quarter. UniSuper Management Pty Ltd boosted its position in United Rentals by 263.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,304 shares of the construction company’s stock worth $1,661,000 after buying an additional 1,670 shares during the period. Lake Street Advisors Group LLC boosted its position in United Rentals by 81.3% during the 1st quarter. Lake Street Advisors Group LLC now owns 1,394 shares of the construction company’s stock worth $1,005,000 after buying an additional 625 shares during the period. Finally, Twin Capital Management Inc. grew its holdings in United Rentals by 10.1% during the 1st quarter. Twin Capital Management Inc. now owns 436 shares of the construction company’s stock worth $314,000 after acquiring an additional 40 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. 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, October 25th. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI lifted 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. The Goldman Sachs Group raised their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus target price of $742.50.

United Rentals Stock Down 0.4 %

Shares of NYSE URI opened at $832.94 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company has a 50-day moving average price of $809.84 and a 200-day moving average price of $727.93. The stock has a market capitalization of $54.66 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.96 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 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 company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the company earned $11.73 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that United Rentals, Inc. will post 43.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. United Rentals’s dividend payout ratio is currently 17.03%.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was 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 approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

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.