United Rentals, Inc. (NYSE:URI) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 355 shares of the construction company’s stock after buying an additional 25 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in United Rentals were worth $288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Mayflower Financial Advisors LLC increased its holdings in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after acquiring an additional 13 shares during the last quarter. Allen Capital Group LLC raised its holdings in United Rentals by 4.2% during the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after purchasing an additional 13 shares in the last quarter. First County Bank CT lifted its position in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after buying an additional 13 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in shares of United Rentals by 0.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after buying an additional 14 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in United Rentals by 3.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

United Rentals Price Performance

URI stock opened at $786.30 on Friday. The stock’s 50 day moving average price is $834.50 and its 200 day moving average price is $746.93. The firm has a market cap of $51.60 billion, a P/E ratio of 20.54, a PEG ratio of 2.01 and a beta of 1.66. 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, Inc. has a 1 year low of $504.65 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business earned $11.73 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that United Rentals, Inc. will post 43.46 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, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Analysts Set New Price Targets

A number of analysts recently issued reports on URI shares. Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Argus raised their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Truist Financial increased their price target on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. 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. Finally, 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. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $770.00.

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.