Centaurus Financial Inc. Has $575,000 Stock Holdings in United Rentals, Inc. (NYSE:URI)

Centaurus Financial Inc. increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889 shares of the construction company’s stock after purchasing an additional 111 shares during the quarter. Centaurus Financial Inc.’s holdings in United Rentals were worth $575,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in URI. First Financial Corp IN acquired a new position in United Rentals in the 1st quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new position in United Rentals in the 1st quarter valued at approximately $27,000. RFP Financial Group LLC increased its position in 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. Rise Advisors LLC acquired a new position in United Rentals in the 1st quarter valued at approximately $28,000. Finally, Riverview Trust Co acquired a new stake in shares of United Rentals during the first quarter worth $31,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other United Rentals news, SVP Joli L. Gross sold 360 shares of United Rentals 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 directly owns 4,090 shares in the company, valued at $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

URI has been the subject of several recent analyst reports. Evercore ISI increased their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Robert W. Baird increased their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday. The Goldman Sachs Group raised their price objective on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Citigroup started coverage on shares of United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective on the stock. Finally, Truist Financial raised their price objective on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $694.46.

United Rentals Price Performance

URI opened at $789.60 on Friday. The company has a market capitalization of $52.22 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.84 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $735.25 and a 200-day moving average price of $695.17. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $826.24.

United Rentals (NYSE:URI) last posted its 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 net margin of 17.35% and a return on equity of 35.87%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the company earned $9.88 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Equities analysts expect 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. Stockholders of record on Wednesday, August 14th were given a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.83%. United Rentals’s dividend payout ratio (DPR) is currently 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.