Atria Investments Inc Lowers Holdings in United Rentals, Inc. (NYSE:URI)

Atria Investments Inc trimmed its stake in United Rentals, Inc. (NYSE:URI) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,178 shares of the construction company’s stock after selling 91 shares during the period. Atria Investments Inc’s holdings in United Rentals were worth $2,574,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its stake in shares of United Rentals by 48.1% in the first quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock valued at $2,256,000 after acquiring an additional 1,016 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in United Rentals by 5.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 557 shares of the construction company’s stock valued at $402,000 after purchasing an additional 30 shares during the last quarter. Cumberland Partners Ltd acquired a new stake in United Rentals during the first quarter worth approximately $457,000. Pinkerton Retirement Specialists LLC purchased a new stake in United Rentals in the first quarter valued at $206,000. Finally, Spirepoint Private Client LLC acquired a new stake in shares of United Rentals in the 1st quarter valued at about $806,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on URI shares. 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 research report on Friday, July 26th. Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Citigroup boosted their price target on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays lifted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of “Hold” and an average price target of $742.50.

Insider Activity at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the company’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 $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

United Rentals Stock Performance

Shares of URI opened at $849.60 on Friday. The company has a 50-day moving average of $804.01 and a two-hundred day moving average of $724.97. The stock has a market cap of $55.75 billion, a P/E ratio of 22.19, a PEG ratio of 2.03 and a beta of 1.68. United Rentals, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the firm posted $11.73 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts predict that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 yield of 0.77%. United Rentals’s payout ratio is 17.03%.

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.