Prime Capital Investment Advisors LLC Lowers Position in United Rentals, Inc. (NYSE:URI)

Prime Capital Investment Advisors LLC trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 12.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,807 shares of the construction company’s stock after selling 259 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in United Rentals were worth $1,463,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several brokerages have weighed in on URI. Evercore ISI boosted their price objective on 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 shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup upped their price objective on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Truist Financial raised their price target on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays raised their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average target price of $742.50.

United Rentals Stock Performance

Shares of URI opened at $849.60 on Friday. The business’s 50 day moving average price is $804.01 and its 200-day moving average price is $724.97. The stock has a market cap of $55.75 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.03 and a beta of 1.68. United Rentals, Inc. has a 52 week low of $454.71 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.

United Rentals (NYSE:URI) last announced 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). The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $11.73 earnings per share. Equities research analysts anticipate that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Wednesday, November 13th. United Rentals’s payout ratio is currently 17.03%.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

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.