Everpar Advisors LLC Makes New $204,000 Investment in United Rentals, Inc. (NYSE:URI)

Everpar Advisors LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 252 shares of the construction company’s stock, valued at approximately $204,000.

Other hedge funds also recently modified their holdings of the company. First Financial Corp IN acquired a new stake in shares of United Rentals during the first quarter valued at about $25,000. Crewe Advisors LLC bought a new position in United Rentals in the 1st quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in United Rentals in the 1st quarter valued at approximately $28,000. RFP Financial Group LLC boosted its position 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 during the period. Finally, Riverview Trust Co bought a new stake in United Rentals during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction 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 in the company, valued at approximately $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by company insiders.

United Rentals Stock Down 0.3 %

Shares of NYSE URI opened at $799.71 on Wednesday. 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 market cap of $52.89 billion, a PE ratio of 21.66, a P/E/G ratio of 1.83 and a beta of 1.68. The company’s fifty day simple moving average is $738.41 and its 200 day simple moving average is $697.01. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $826.24.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm earned $9.88 EPS. The business’s 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 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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