World Investment Advisors LLC Has $1.40 Million Stake in United Rentals, Inc. (NYSE:URI)

World Investment Advisors LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,722 shares of the construction company’s stock after selling 218 shares during the quarter. World Investment Advisors LLC’s holdings in United Rentals were worth $1,395,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in United Rentals by 108.0% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $218,000 after acquiring an additional 175 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of United Rentals by 9.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 4,458 shares of the construction company’s stock valued at $2,883,000 after purchasing an additional 379 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of United Rentals by 1.8% during the second quarter. Nisa Investment Advisors LLC now owns 20,236 shares of the construction company’s stock worth $13,087,000 after buying an additional 359 shares during the period. First Horizon Advisors Inc. increased its position in shares of United Rentals by 6.8% during the second quarter. First Horizon Advisors Inc. now owns 546 shares of the construction company’s stock worth $353,000 after buying an additional 35 shares during the period. Finally, First Citizens Bank & Trust Co. raised its stake in United Rentals by 65.2% during the second quarter. First Citizens Bank & Trust Co. now owns 1,095 shares of the construction company’s stock worth $708,000 after buying an additional 432 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 1.0 %

URI opened at $778.82 on Monday. United Rentals, Inc. has a fifty-two week low of $533.70 and a fifty-two week high of $896.98. The firm has a market capitalization of $51.11 billion, a P/E ratio of 20.34, a PEG ratio of 1.83 and a beta of 1.66. The company’s 50-day moving average is $834.29 and its 200 day moving average is $748.96. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

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 analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $11.73 EPS. Research analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Analysts Set New Price Targets

A number of brokerages have commented on URI. Bank of America upped their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Truist Financial raised their target price on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup increased their price target on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays boosted their target price 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. Finally, Robert W. Baird increased their target price 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. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $770.00.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by insiders.

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.