Icon Wealth Advisors LLC Makes New $103,000 Investment in United Rentals, Inc. (NYSE:URI)

Icon Wealth Advisors LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 127 shares of the construction company’s stock, valued at approximately $103,000.

A number of other large investors also recently modified their holdings of URI. FMR LLC grew its position in United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after buying an additional 85,325 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after purchasing an additional 1,604,715 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after purchasing an additional 66,957 shares during the last quarter. AMF Tjanstepension AB raised its stake in United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after purchasing an additional 199,810 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in United Rentals by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 438,427 shares of the construction company’s stock valued at $355,007,000 after purchasing an additional 5,325 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

Shares of NYSE:URI opened at $866.00 on Monday. 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 has a 50-day moving average price of $828.46 and a 200-day moving average price of $737.98. The company has a market cap of $56.83 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.03 and a beta of 1.68. United Rentals, Inc. has a 12 month low of $473.58 and a 12 month high of $896.98.

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

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Analyst Ratings Changes

URI has been the topic of several research reports. Evercore ISI raised their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Bank of America raised their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $751.67.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The shares were 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 of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals 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.