Leibman Financial Services Inc. Lowers Stock Holdings in United Rentals, Inc. (NYSE:URI)

Leibman Financial Services Inc. lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 19.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,117 shares of the construction company’s stock after selling 1,736 shares during the quarter. United Rentals accounts for about 4.1% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 2nd largest position. Leibman Financial Services Inc.’s holdings in United Rentals were worth $5,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. First Financial Corp IN acquired a new position in shares of United Rentals during the first quarter worth approximately $25,000. Crewe Advisors LLC bought a new position in United Rentals in the 1st quarter worth approximately $27,000. RFP Financial Group LLC lifted its holdings in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares in the last quarter. Rise Advisors LLC bought a new position in United Rentals in the 1st quarter valued at $28,000. Finally, Riverview Trust Co acquired a new stake in shares of United Rentals in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity

In other news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Price Performance

NYSE:URI opened at $799.71 on Wednesday. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $826.24. The company has a market cap of $52.89 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.83 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The stock’s 50-day simple moving average is $738.41 and its 200 day simple moving average is $697.01.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm earned $9.88 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Analyst Ratings Changes

URI has been the subject of several recent research reports. Raymond James began coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. Citigroup initiated coverage on shares of United Rentals in a research note on Wednesday, June 26th. They set a “buy” rating and a $745.00 price target for the company. Robert W. Baird raised their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Truist Financial raised their price target on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $694.46.

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.