UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 544 Shares of United Rentals, Inc. (NYSE:URI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 513,432 shares of the construction company’s stock after selling 544 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in United Rentals were worth $415,741,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of URI. Atria Investments Inc boosted its stake in shares of United Rentals by 24.5% in the 1st quarter. Atria Investments Inc now owns 3,865 shares of the construction company’s stock valued at $2,787,000 after purchasing an additional 761 shares during the last quarter. Invst LLC bought a new stake in shares of United Rentals in the 1st quarter valued at $221,000. Cetera Investment Advisers boosted its stake in shares of United Rentals by 155.0% in the 1st quarter. Cetera Investment Advisers now owns 26,178 shares of the construction company’s stock valued at $18,877,000 after purchasing an additional 15,913 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of United Rentals by 146.6% in the 1st quarter. Cetera Advisors LLC now owns 6,176 shares of the construction company’s stock valued at $4,454,000 after purchasing an additional 3,672 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of United Rentals by 50.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 175 shares of the construction company’s stock valued at $117,000 after purchasing an additional 59 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on URI shares. Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird increased their target price 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. Evercore ISI increased their target price on shares of 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 increased their target price 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. Finally, JPMorgan Chase & Co. increased their target price 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. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus price target of $751.67.

United Rentals Stock Performance

URI opened at $856.98 on Friday. 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 company’s fifty day moving average price is $825.56 and its two-hundred day moving average price is $735.67. United Rentals, Inc. has a 1-year low of $454.71 and a 1-year high of $896.98. The company has a market cap of $56.24 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.01 and a beta of 1.68.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share 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 business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the company posted $11.73 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts expect that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.63 dividend. 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 dividend payout ratio is currently 17.03%.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The shares were 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 in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% 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.