United Rentals, Inc. (NYSE:URI) Shares Sold by Leibman Financial Services Inc.

Leibman Financial Services Inc. lowered its position in United Rentals, Inc. (NYSE:URI) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,503 shares of the construction company’s stock after selling 614 shares during the period. United Rentals makes up approximately 3.4% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 6th largest holding. Leibman Financial Services Inc.’s holdings in United Rentals were worth $4,581,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Mayflower Financial Advisors LLC grew its position in shares of United Rentals by 4.0% during 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 period. Allen Capital Group LLC grew its stake in United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after acquiring an additional 13 shares during the period. First County Bank CT raised its position in United Rentals by 3.2% during the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after acquiring an additional 13 shares during the period. IAM Advisory LLC raised its position in United Rentals by 1.6% during the third quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after acquiring an additional 14 shares during the period. Finally, CVA Family Office LLC lifted its holdings in United Rentals by 1.7% during the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after purchasing an additional 14 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on URI shares. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Robert W. Baird lifted their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup lifted their target price on shares of United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Bank of America increased their target price 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. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $817.08.

Insider Activity at United Rentals

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

United Rentals Trading Up 2.6 %

Shares of NYSE:URI opened at $688.06 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock’s 50-day moving average is $787.08 and its 200-day moving average is $759.44. The company has a market cap of $45.15 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.83 and a beta of 1.69. United Rentals, Inc. has a 52-week low of $545.16 and a 52-week 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). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.73 EPS. Equities research analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current 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 issued a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. United Rentals’s payout ratio is presently 17.03%.

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.