Intellectus Partners LLC Acquires New Stake in United Rentals, Inc. (NYSE:URI)

Intellectus Partners LLC bought a new position in United Rentals, Inc. (NYSE:URI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 929 shares of the construction company’s stock, valued at approximately $752,000.

Other hedge funds have also recently made changes to their positions in the company. Mayflower Financial Advisors LLC lifted its holdings in United Rentals by 4.0% during the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after purchasing an additional 13 shares during the last quarter. Duncker Streett & Co. Inc. lifted its stake in shares of United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after buying an additional 14 shares in the last quarter. Ameritas Advisory Services LLC boosted its holdings in United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after buying an additional 14 shares during the period. IAM Advisory LLC grew its stake in United Rentals by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after buying an additional 14 shares in the last quarter. Finally, CVA Family Office LLC raised its holdings in United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after acquiring an additional 14 shares during the period. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 1.7 %

URI opened at $835.36 on Friday. The business’s fifty day simple moving average is $807.10 and its 200 day simple moving average is $725.83. 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. The stock has a market cap of $54.82 billion, a PE ratio of 21.82, a P/E/G ratio of 2.01 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 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 the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $11.73 earnings per share. As a group, research analysts expect that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid 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 0.78%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

Insider Activity at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Citigroup lifted 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. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Finally, Evercore ISI increased their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock 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 assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus price target of $742.50.

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.