SageView Advisory Group LLC Boosts Holdings in United Rentals, Inc. (NYSE:URI)

SageView Advisory Group LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 8.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 682 shares of the construction company’s stock after buying an additional 54 shares during the quarter. SageView Advisory Group LLC’s holdings in United Rentals were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of URI. Peak Financial Advisors LLC purchased a new position in shares of United Rentals during the 2nd quarter worth approximately $2,787,000. Czech National Bank boosted its position in shares of United Rentals by 7.3% during the second quarter. Czech National Bank now owns 12,690 shares of the construction company’s stock valued at $8,207,000 after purchasing an additional 868 shares in the last quarter. RFG Advisory LLC grew its stake in United Rentals by 19.5% in the second quarter. RFG Advisory LLC now owns 1,756 shares of the construction company’s stock worth $1,136,000 after purchasing an additional 286 shares during the period. Sequoia Financial Advisors LLC raised its holdings in United Rentals by 8.2% in the second quarter. Sequoia Financial Advisors LLC now owns 1,206 shares of the construction company’s stock worth $780,000 after purchasing an additional 91 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in United Rentals by 1.3% in the second quarter. Wedmont Private Capital now owns 2,059 shares of the construction company’s stock worth $1,399,000 after purchasing an additional 26 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 0.5 %

United Rentals stock opened at $859.30 on Friday. United Rentals, Inc. has a 12 month low of $475.52 and a 12 month high of $896.98. The stock has a fifty day simple moving average of $834.23 and a two-hundred day simple moving average of $743.47. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a market cap of $56.39 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.04 and a beta of 1.66.

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 the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.73 earnings per share. Equities analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.76%. United Rentals’s payout ratio is 17.03%.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Bank of America boosted their target price 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. Robert W. Baird boosted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. raised their target price 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. Argus boosted their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup raised their price objective on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and an average target price of $767.86.

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.