Moody Lynn & Lieberson LLC Reduces Stake in United Rentals, Inc. (NYSE:URI)

Moody Lynn & Lieberson LLC lowered its holdings in United Rentals, Inc. (NYSE:URI) by 12.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 355 shares of the construction company’s stock after selling 50 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in United Rentals were worth $287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of URI. Dakota Wealth Management lifted its stake in shares of United Rentals by 183.0% in the 3rd quarter. Dakota Wealth Management now owns 11,060 shares of the construction company’s stock valued at $8,956,000 after purchasing an additional 7,152 shares during the period. Jackson Wealth Management LLC lifted its stake in shares of United Rentals by 69.2% in the 3rd quarter. Jackson Wealth Management LLC now owns 8,598 shares of the construction company’s stock valued at $6,962,000 after purchasing an additional 3,515 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of United Rentals by 35.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 6,047 shares of the construction company’s stock valued at $4,896,000 after purchasing an additional 1,589 shares during the period. X Square Capital LLC lifted its stake in shares of United Rentals by 3.2% in the 3rd quarter. X Square Capital LLC now owns 4,988 shares of the construction company’s stock valued at $4,039,000 after purchasing an additional 154 shares during the period. Finally, Great Lakes Retirement Inc. lifted its stake in shares of United Rentals by 1.3% in the 3rd quarter. Great Lakes Retirement Inc. now owns 15,497 shares of the construction company’s stock valued at $12,548,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related 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 value of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Down 1.6 %

United Rentals stock opened at $811.70 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $861.74. The firm has a market cap of $54.05 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.96 and a beta of 1.68. The stock has a fifty day simple moving average of $772.68 and a two-hundred day simple moving average of $708.16.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm earned $11.73 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Equities analysts predict that United Rentals, Inc. will post 44.38 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed 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. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s payout ratio is currently 17.66%.

Analysts Set New Price Targets

A number of research firms have recently commented on URI. Barclays raised 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. Citigroup raised their target price on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Bank of America lifted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Evercore ISI lifted their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, United Rentals has an average rating of “Hold” and an average target price of $742.50.

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.