Factorial Partners LLC Sells 50 Shares of United Rentals, Inc. (NYSE:URI)

Factorial Partners LLC reduced its position in United Rentals, Inc. (NYSE:URI) by 0.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,500 shares of the construction company’s stock after selling 50 shares during the period. United Rentals comprises 4.9% of Factorial Partners LLC’s holdings, making the stock its largest position. Factorial Partners LLC’s holdings in United Rentals were worth $8,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of URI. PCJ Investment Counsel Ltd. increased its holdings in shares of United Rentals by 9.8% in the third quarter. PCJ Investment Counsel Ltd. now owns 8,970 shares of the construction company’s stock valued at $7,263,000 after purchasing an additional 800 shares during the last quarter. Premier Fund Managers Ltd raised its position in shares of United Rentals by 7.1% in the third quarter. Premier Fund Managers Ltd now owns 24,350 shares of the construction company’s stock valued at $19,832,000 after buying an additional 1,604 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of United Rentals by 24.0% in the third quarter. Avior Wealth Management LLC now owns 217 shares of the construction company’s stock valued at $176,000 after buying an additional 42 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in United Rentals during the third quarter worth approximately $11,100,000. Finally, Fifth Third Wealth Advisors LLC increased its stake in United Rentals by 11.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 757 shares of the construction company’s stock worth $613,000 after acquiring an additional 76 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 1.4 %

URI opened at $821.16 on Wednesday. United Rentals, Inc. has a twelve month low of $454.71 and a twelve month high of $896.98. The company has a fifty day moving average of $812.18 and a 200-day moving average of $729.02. The stock has a market cap of $53.88 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. 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 issued its quarterly 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). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $11.73 earnings per share. On average, sell-side analysts predict that United Rentals, Inc. will post 43.55 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s payout ratio is presently 17.03%.

Insider Activity at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the 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 completion of the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, 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 SEC, which is available through this hyperlink. 0.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on URI. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Robert W. Baird lifted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Citigroup increased their target price on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Truist Financial lifted their price target on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Bank of America increased their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $742.50.

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.