Foster & Motley Inc. Purchases 366 Shares of United Rentals, Inc. (NYSE:URI)

Foster & Motley Inc. lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 4.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,229 shares of the construction company’s stock after purchasing an additional 366 shares during the quarter. Foster & Motley Inc.’s holdings in United Rentals were worth $6,663,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after buying an additional 964 shares in the last quarter. Essex Financial Services Inc. raised its stake in shares of United Rentals by 31.9% in the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock worth $364,000 after purchasing an additional 136 shares during the last quarter. Forsta AP Fonden lifted its holdings in shares of United Rentals by 2.8% in the first quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock valued at $10,528,000 after purchasing an additional 400 shares in the last quarter. Tidal Investments LLC boosted its position in shares of United Rentals by 241.2% during the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock valued at $3,504,000 after buying an additional 3,435 shares during the last quarter. Finally, BDF Gestion bought a new stake in United Rentals during the second quarter worth $2,998,000. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

URI has been the subject of several recent analyst reports. Truist Financial upped 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. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Citigroup upped their price target 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 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. According to MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average target price of $742.50.

United Rentals Price Performance

United Rentals stock opened at $853.00 on Wednesday. The stock has a market cap of $55.97 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.84 and a beta of 1.68. 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 business has a 50-day simple moving average of $783.42 and a 200 day simple moving average of $715.89. United Rentals, Inc. has a 52 week low of $432.82 and a 52 week high of $861.74.

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). The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.73 EPS. On average, research analysts forecast that United Rentals, Inc. will post 43.66 earnings per share 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. Investors of record on Wednesday, November 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.76%. United Rentals’s dividend payout ratio is presently 17.03%.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

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.