United Rentals, Inc. (NYSE:URI) Stock Position Raised by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. lifted its position in United Rentals, Inc. (NYSE:URI) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,352 shares of the construction company’s stock after buying an additional 14 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in United Rentals were worth $3,461,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in URI. Commonwealth Equity Services LLC lifted its stake in shares of United Rentals by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 52,440 shares of the construction company’s stock valued at $33,915,000 after purchasing an additional 1,278 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of United Rentals by 5.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 439 shares of the construction company’s stock valued at $284,000 after acquiring an additional 21 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of United Rentals in the 2nd quarter valued at approximately $1,602,000. Americana Partners LLC boosted its position in United Rentals by 7.9% during the second quarter. Americana Partners LLC now owns 601 shares of the construction company’s stock worth $389,000 after purchasing an additional 44 shares during the period. Finally, Jaffetilchin Investment Partners LLC boosted its stake in United Rentals by 3.8% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 1,100 shares of the construction company’s stock valued at $711,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on URI. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. The Goldman Sachs Group upped their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Citigroup began coverage on United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective on the stock. Truist Financial upped their target price on United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Raymond James initiated coverage on United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $675.15.

United Rentals Trading Up 1.7 %

NYSE:URI opened at $741.26 on Friday. The firm has a market capitalization of $49.03 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.71 and a beta of 1.71. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $789.80. The business’s 50-day moving average price is $696.98 and its two-hundred day moving average price is $680.97. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $9.88 earnings per share. On average, equities analysts expect that United Rentals, Inc. will post 44.5 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a yield of 0.88%. United Rentals’s dividend payout ratio (DPR) 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.