Cetera Advisors LLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 13.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,836 shares of the construction company’s stock after purchasing an additional 340 shares during the period. Cetera Advisors LLC’s holdings in United Rentals were worth $1,263,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Envestnet Asset Management Inc. boosted its holdings in shares of United Rentals by 2,080.7% during the first quarter. Envestnet Asset Management Inc. now owns 1,850,311 shares of the construction company’s stock worth $36,081,000 after acquiring an additional 1,765,460 shares during the period. Norges Bank bought a new stake in shares of United Rentals in the fourth quarter valued at approximately $586,415,000. Moneta Group Investment Advisors LLC boosted its stake in shares of United Rentals by 104,089.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,341,964 shares of the construction company’s stock valued at $476,961,000 after buying an additional 1,340,676 shares during the period. Gateway Advisory LLC bought a new stake in shares of United Rentals in the first quarter valued at approximately $522,000. Finally, FMR LLC boosted its stake in shares of United Rentals by 128.6% in the first quarter. FMR LLC now owns 771,372 shares of the construction company’s stock valued at $305,278,000 after buying an additional 433,897 shares during the period. Institutional investors own 89.03% of the company’s stock.
United Rentals Price Performance
URI stock opened at $471.80 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a 1 year low of $325.15 and a 1 year high of $492.33. The stock has a market capitalization of $31.98 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.78 and a beta of 1.82. The company’s 50-day moving average is $438.75 and its 200-day moving average is $427.65.
United Rentals Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a $1.48 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.25%. United Rentals’s dividend payout ratio is presently 17.16%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. KeyCorp boosted their price target on United Rentals from $520.00 to $525.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Robert W. Baird boosted their price objective on shares of United Rentals from $300.00 to $320.00 and gave the company an “underperform” rating in a research report on Thursday, July 27th. Credit Suisse Group boosted their price objective on shares of United Rentals from $482.00 to $521.00 in a research report on Friday, July 28th. Barclays boosted their price objective on shares of United Rentals from $315.00 to $325.00 and gave the company an “underweight” rating in a research report on Monday, July 31st. Finally, StockNews.com started coverage on shares of United Rentals in a research report on Thursday, October 5th. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average price target of $455.25.
Insider Buying and Selling at United Rentals
In other United Rentals news, COO Dale A. Asplund sold 14,157 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $475.27, for a total value of $6,728,397.39. Following the completion of the sale, the chief operating officer now owns 6,379 shares in the company, valued at approximately $3,031,747.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.
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.
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