United Rentals, Inc. (NYSE:URI) Stock Position Cut by Mattson Financial Services LLC

Mattson Financial Services LLC lessened its stake in United Rentals, Inc. (NYSE:URI) by 0.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,695 shares of the construction company’s stock after selling 17 shares during the period. Mattson Financial Services LLC’s holdings in United Rentals were worth $2,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URI. Connectus Wealth LLC bought a new position in United Rentals in the 4th quarter valued at about $223,000. Bridgefront Capital LLC acquired a new stake in United Rentals in the 4th quarter valued at about $505,000. Groupama Asset Managment acquired a new stake in United Rentals in the 4th quarter valued at about $28,857,000. Quarry LP acquired a new stake in United Rentals in the 4th quarter valued at about $36,000. Finally, V Square Quantitative Management LLC lifted its holdings in United Rentals by 84.8% in the 4th quarter. V Square Quantitative Management LLC now owns 1,894 shares of the construction company’s stock valued at $1,086,000 after acquiring an additional 869 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, SVP Joli L. Gross sold 360 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Raymond James initiated coverage on shares of United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target for the company. Truist Financial upped their price target on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, Evercore ISI upped their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $694.46.

United Rentals Price Performance

NYSE URI opened at $799.71 on Wednesday. The company has a 50 day simple moving average of $738.41 and a 200-day simple moving average of $697.01. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market capitalization of $52.89 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $826.24.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.88 earnings per share. Equities research analysts predict that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a yield of 0.82%. United Rentals’s dividend payout ratio is currently 17.66%.

United Rentals 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.