Firetrail Investments PTY Ltd. Decreases Stake in United Rentals, Inc. (NYSE:URI)

Firetrail Investments PTY Ltd. cut its position in United Rentals, Inc. (NYSE:URI) by 14.7% during the third quarter, HoldingsChannel reports. The firm owned 11,248 shares of the construction company’s stock after selling 1,935 shares during the quarter. United Rentals accounts for 2.6% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 24th biggest position. Firetrail Investments PTY Ltd.’s holdings in United Rentals were worth $9,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of URI. Crewe Advisors LLC acquired a new stake in United Rentals in the first quarter valued at $27,000. RFP Financial Group LLC increased its holdings in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals in the 3rd quarter valued at about $31,000. Carmichael Hill & Associates Inc. raised its position in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its stake in United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on URI shares. Evercore ISI increased their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Barclays increased their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Robert W. Baird boosted their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised 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. Finally, Citigroup boosted their target price on United Rentals from $930.00 to $955.00 and gave the company 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $742.50.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The stock was 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 in the company, valued at $1,682,702.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by insiders.

United Rentals Trading Down 0.8 %

NYSE:URI opened at $859.41 on Thursday. 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 stock’s 50 day simple moving average is $800.97 and its 200-day simple moving average is $724.10. United Rentals, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98. The firm has a market cap of $56.39 billion, a P/E ratio of 22.44, a PEG ratio of 2.03 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.73 earnings per share. Equities analysts anticipate that United Rentals, Inc. will post 43.66 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is presently 17.03%.

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.