Dumont & Blake Investment Advisors LLC Sells 2,835 Shares of United Rentals, Inc. (NYSE:URI)

Dumont & Blake Investment Advisors LLC lessened its holdings in United Rentals, Inc. (NYSE:URI) by 50.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,813 shares of the construction company’s stock after selling 2,835 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in United Rentals were worth $2,278,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Crewe Advisors LLC acquired a new position in shares of United Rentals during the 1st quarter worth about $27,000. RFP Financial Group LLC boosted its stake in shares of United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the period. HHM Wealth Advisors LLC raised its holdings in shares of United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of United Rentals in the 1st quarter valued at $43,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of United Rentals during the second quarter valued at $45,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on URI shares. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Truist Financial upped their target price on shares of United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Citigroup increased their price objective on United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America upped their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus target price of $728.86.

United Rentals Stock Performance

NYSE URI traded up $2.58 on Friday, hitting $827.57. 11,290 shares of the company traded hands, compared to its average volume of 541,228. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $861.74. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $54.74 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 1.96 and a beta of 1.68. The business’s 50 day moving average price is $770.73 and its 200-day moving average price is $707.41.

United Rentals (NYSE:URI) last released its 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 17.35% and a return on equity of 35.87%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the firm posted $11.73 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts expect that United Rentals, Inc. will post 44.38 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.79%. United Rentals’s payout ratio is 17.21%.

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.