United Rentals, Inc. $URI Shares Sold by Holocene Advisors LP

Holocene Advisors LP cut its position in United Rentals, Inc. (NYSE:URI) by 7.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 542,045 shares of the construction company’s stock after selling 44,259 shares during the period. United Rentals makes up 1.0% of Holocene Advisors LP’s portfolio, making the stock its 16th biggest holding. Holocene Advisors LP’s holdings in United Rentals were worth $408,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CreativeOne Wealth LLC boosted its holdings in United Rentals by 0.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock valued at $1,720,000 after acquiring an additional 11 shares during the period. Great Valley Advisor Group Inc. lifted its position in shares of United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after purchasing an additional 11 shares in the last quarter. Bank of Jackson Hole Trust boosted its stake in shares of United Rentals by 12.0% in the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after purchasing an additional 12 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of United Rentals by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after purchasing an additional 13 shares in the last quarter. Finally, Cooper Financial Group grew its holdings in shares of United Rentals by 1.6% in the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $818.41 on Friday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The firm has a market capitalization of $52.08 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.68. The business’s fifty day moving average price is $873.46 and its 200 day moving average price is $855.63.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the company posted $11.80 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. United Rentals’s dividend payout ratio is 18.42%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price for the company in a report on Tuesday, September 16th. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average price target of $961.72.

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.