Trustmark National Bank Trust Department Has $5.52 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Trustmark National Bank Trust Department raised its holdings in United Rentals, Inc. (NYSE:URI) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,822 shares of the construction company’s stock after buying an additional 58 shares during the period. Trustmark National Bank Trust Department’s holdings in United Rentals were worth $5,524,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Covestor Ltd lifted its position in United Rentals by 155.6% during the first quarter. Covestor Ltd now owns 138 shares of the construction company’s stock worth $100,000 after acquiring an additional 84 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in United Rentals by 0.5% during the 1st quarter. Clearbridge Investments LLC now owns 8,241 shares of the construction company’s stock worth $5,943,000 after purchasing an additional 40 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of United Rentals during the first quarter worth $27,000. CreativeOne Wealth LLC increased its position in United Rentals by 23.1% during the first quarter. CreativeOne Wealth LLC now owns 1,682 shares of the construction company’s stock worth $1,213,000 after acquiring an additional 316 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in United Rentals by 17.6% in the 1st quarter. Axxcess Wealth Management LLC now owns 1,974 shares of the construction company’s stock worth $1,424,000 after purchasing an additional 295 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of NYSE URI opened at $820.25 on Thursday. 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 firm’s 50-day simple moving average is $814.46 and its 200 day simple moving average is $729.65. The stock has a market cap of $53.82 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.93 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $454.71 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.73 EPS. As a group, research analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.79%. The ex-dividend date is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is 17.03%.

Analyst Ratings Changes

URI has been the topic of a number of analyst reports. Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup upped their price target on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Robert W. Baird upped their price objective on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Finally, Barclays upped their price objective 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 assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $751.67.

Insider Activity

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

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.