Hilltop Holdings Inc. Raises Stock Position in United Rentals, Inc. (NYSE:URI)

Hilltop Holdings Inc. grew its holdings in United Rentals, Inc. (NYSE:URI) by 1.2% during the third quarter, HoldingsChannel.com reports. The fund owned 2,133 shares of the construction company’s stock after purchasing an additional 25 shares during the quarter. Hilltop Holdings Inc.’s holdings in United Rentals were worth $1,727,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in URI. RFP Financial Group LLC raised its stake in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals in the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. raised its stake in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares during the period. HHM Wealth Advisors LLC raised its stake in shares of United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock valued at $37,000 after acquiring an additional 42 shares during the period. Finally, HM Payson & Co. purchased a new position in shares of United Rentals in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 1.4 %

NYSE URI opened at $869.17 on Wednesday. United Rentals, Inc. has a one year low of $474.56 and a one year high of $896.98. The company has a 50-day simple moving average of $829.62 and a 200-day simple moving average of $739.40. 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 firm has a market capitalization of $57.03 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.01 and a beta of 1.66.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the firm posted $11.73 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on URI shares. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Truist Financial lifted 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. Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI lifted their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $751.67.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

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.