1,251 United Rentals, Inc. $URI Shares Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 607.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,457 shares of the construction company’s stock after purchasing an additional 1,251 shares during the period. Provenance Wealth Advisors LLC’s holdings in United Rentals were worth $1,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Integrity Alliance LLC. grew its holdings in shares of United Rentals by 3.1% in the third quarter. Integrity Alliance LLC. now owns 1,113 shares of the construction company’s stock valued at $1,114,000 after purchasing an additional 33 shares in the last quarter. Summa Corp. acquired a new stake in United Rentals during the 3rd quarter worth approximately $208,000. First Nebraska Trust Co acquired a new stake in United Rentals during the 3rd quarter worth approximately $250,000. Greenfield Seitz Capital Management LLC boosted its position in United Rentals by 4.7% in the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 651 shares of the construction company’s stock valued at $652,000 after buying an additional 29 shares during the period. Finally, Summit Wealth Group LLC Co. boosted its position in United Rentals by 9.0% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 292 shares of the construction company’s stock valued at $292,000 after buying an additional 24 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of URI stock opened at $1,173.72 on Wednesday. The company has a market cap of $72.68 billion, a P/E ratio of 25.80, a PEG ratio of 1.65 and a beta of 1.82. The firm has a fifty day moving average price of $1,052.53 and a 200 day moving average price of $973.16. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.35. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,202.12.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 21st. The construction company reported $15.55 earnings per share for the quarter, beating analysts’ consensus estimates of $13.97 by $1.58. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.71 billion. United Rentals had a return on equity of 33.47% and a net margin of 16.33%. United Rentals’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $11.70 earnings per share. Sell-side analysts predict that United Rentals, Inc. will post 51.17 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. United Rentals’s dividend payout ratio (DPR) is 17.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on URI shares. Citigroup reaffirmed a “buy” rating on shares of United Rentals in a research report on Monday, September 14th. KeyCorp reissued an “overweight” rating on shares of United Rentals in a research note on Friday, October 23rd. Raymond James Financial reissued an “outperform” rating and set a $1,350.00 target price on shares of United Rentals in a research note on Monday. Sanford C. Bernstein set a $1,258.00 price target on United Rentals in a report on Friday, October 23rd. Finally, Morgan Stanley increased their price target on United Rentals from $1,335.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,292.88.

United Rentals Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.