Hedeker Wealth LLC Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

Hedeker Wealth LLC lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,765 shares of the construction company’s stock after purchasing an additional 313 shares during the period. United Rentals accounts for approximately 2.1% of Hedeker Wealth LLC’s portfolio, making the stock its 15th largest position. Hedeker Wealth LLC’s holdings in United Rentals were worth $7,907,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC purchased a new stake in shares of United Rentals during the first quarter worth about $27,000. RFP Financial Group LLC raised its stake in United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares in the last quarter. HHM Wealth Advisors LLC raised its stake in United Rentals by 280.0% in the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares in the last quarter. Trust Co. of Vermont raised its stake in United Rentals by 6,000.0% in the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after buying an additional 60 shares in the last quarter. Finally, Eastern Bank bought a new position in United Rentals in the third quarter worth about $56,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

United Rentals Stock Performance

Shares of United Rentals stock traded down $8.40 on Tuesday, hitting $816.25. 100,933 shares of the company’s stock were exchanged, compared to its average volume of 540,785. The company has a 50-day simple moving average of $774.77 and a 200-day simple moving average of $709.41. The stock has a market capitalization of $53.56 billion, a PE ratio of 21.54, a PEG ratio of 1.87 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $395.44 and a 1 year high of $861.74. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion during 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%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $11.73 earnings per share. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.31 EPS for the current year.

United Rentals Dividend Announcement

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 issued 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 0.80%. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Wall Street Analyst Weigh In

URI has been the subject of a number of research reports. Robert W. Baird increased their price target on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Evercore ISI increased their price target 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. Citigroup increased their price target on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group raised their target price on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.