Empirical Finance LLC Has $1.92 Million Position in United Rentals, Inc. (NYSE:URI)

Empirical Finance LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,376 shares of the construction company’s stock after acquiring an additional 44 shares during the period. Empirical Finance LLC’s holdings in United Rentals were worth $1,924,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC bought a new stake in United Rentals in the first quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals in the 3rd quarter valued at approximately $31,000. RFP Financial Group LLC boosted its stake in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares during the last quarter. Carmichael Hill & Associates Inc. grew its holdings in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares during the period. Finally, HM Payson & Co. bought a new stake in United Rentals in the third quarter valued at approximately $41,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Robert W. Baird lifted their price target on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Barclays boosted their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Evercore ISI raised their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. The Goldman Sachs Group boosted their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Truist Financial raised their target price on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, United Rentals has an average rating of “Hold” and a consensus target price of $742.50.

United Rentals Price Performance

Shares of NYSE URI opened at $835.36 on Friday. 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 business has a 50-day moving average of $807.10 and a 200-day moving average of $725.83. The stock has a market capitalization of $54.82 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.01 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 posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the business earned $11.73 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s 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 sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.53% 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.