Ameritas Investment Partners Inc. Has $2.46 Million Holdings in United Rentals, Inc. (NYSE:URI)

Ameritas Investment Partners Inc. lifted its holdings in United Rentals, Inc. (NYSE:URI) by 26.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,803 shares of the construction company’s stock after purchasing an additional 801 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in United Rentals were worth $2,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. Precision Wealth Strategies LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $227,000. Gryphon Financial Partners LLC bought a new position in United Rentals in the fourth quarter valued at approximately $281,000. Franklin Resources Inc. increased its position in shares of United Rentals by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 83,344 shares of the construction company’s stock worth $47,791,000 after purchasing an additional 5,526 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of United Rentals by 22.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 116 shares of the construction company’s stock worth $67,000 after purchasing an additional 21 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of United Rentals by 26.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,284 shares of the construction company’s stock valued at $11,631,000 after buying an additional 4,260 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on URI shares. The Goldman Sachs Group boosted their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Truist Financial boosted their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. started coverage on United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company. Evercore ISI increased their price target on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Citigroup initiated coverage on shares of United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus target price of $675.15.

United Rentals Stock Down 1.3 %

Shares of URI opened at $783.60 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $801.39. The firm’s 50 day moving average is $722.27 and its 200-day moving average is $687.22. The stock has a market capitalization of $52.18 billion, a PE ratio of 21.22, a P/E/G ratio of 1.72 and a beta of 1.68.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 annualized dividend and a yield of 0.83%. United Rentals’s dividend payout ratio is 17.66%.

United Rentals Company 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.