Acropolis Investment Management LLC Sells 68 Shares of United Rentals, Inc. (NYSE:URI)

Acropolis Investment Management LLC trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,363 shares of the construction company’s stock after selling 68 shares during the quarter. Acropolis Investment Management LLC’s holdings in United Rentals were worth $2,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in United Rentals during the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals during the 3rd quarter valued at about $31,000. Carmichael Hill & Associates Inc. lifted its position in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares during the last quarter. HM Payson & Co. purchased a new stake in United Rentals in the third quarter worth approximately $41,000. Finally, Trust Co. of Vermont grew its position in United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after acquiring an additional 60 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on URI shares. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Truist Financial boosted their price target on shares of United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a report on Tuesday. Finally, Argus lifted their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $805.25.

United Rentals Stock Performance

Shares of URI stock opened at $729.60 on Wednesday. The stock has a fifty day moving average of $787.08 and a 200 day moving average of $759.44. United Rentals, Inc. has a 52 week low of $545.16 and a 52 week high of $896.98. 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 firm has a market capitalization of $47.88 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.83 and a beta of 1.69.

United Rentals (NYSE:URI) last posted 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). The firm 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 business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.73 earnings per share. As a group, research analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 17.03%.

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.