Inspire Investing LLC trimmed its holdings in United Rentals, Inc. (NYSE:URI – Free Report) by 9.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,642 shares of the construction company’s stock after selling 728 shares during the period. Inspire Investing LLC’s holdings in United Rentals were worth $4,296,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Essex Financial Services Inc. lifted its position in United Rentals by 31.9% during the 2nd quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock worth $364,000 after acquiring an additional 136 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of United Rentals during the fourth quarter worth $780,000. Forsta AP Fonden lifted its holdings in shares of United Rentals by 2.8% during the first quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock worth $10,528,000 after purchasing an additional 400 shares during the period. Tidal Investments LLC grew its position in United Rentals by 241.2% in the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock valued at $3,504,000 after buying an additional 3,435 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in United Rentals in the 4th quarter valued at $779,000. Institutional investors and hedge funds own 96.26% of the company’s stock.
Insiders Place Their Bets
In related news, SVP Joli L. Gross sold 360 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
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United Rentals Price Performance
United Rentals stock opened at $773.29 on Thursday. The firm has a market capitalization of $51.49 billion, a PE ratio of 20.95, a P/E/G ratio of 1.72 and a beta of 1.68. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $801.39. The firm’s 50-day simple moving average is $715.08 and its 200 day simple moving average is $685.31. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39.
United Rentals (NYSE:URI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm earned $9.88 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that United Rentals, Inc. will post 44.39 EPS for the current fiscal 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. This represents a $6.52 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 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.
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