Peddock Capital Advisors LLC Acquires 48 Shares of United Rentals, Inc. (NYSE:URI)

Peddock Capital Advisors LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,159 shares of the construction company’s stock after purchasing an additional 48 shares during the period. Peddock Capital Advisors LLC’s holdings in United Rentals were worth $938,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in URI. Strategic Wealth Partners Ltd. bought a new stake in United Rentals in the 3rd quarter worth $270,000. Brookstone Capital Management bought a new stake in United Rentals in the 3rd quarter worth $208,000. Atomi Financial Group Inc. grew its holdings in United Rentals by 28.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 562 shares of the construction company’s stock worth $455,000 after acquiring an additional 123 shares during the last quarter. Marion Wealth Management purchased a new stake in shares of United Rentals in the 3rd quarter worth about $226,000. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of United Rentals by 23.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 825 shares of the construction company’s stock worth $668,000 after purchasing an additional 158 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 0.2 %

Shares of United Rentals stock traded up $1.70 during trading on Wednesday, hitting $801.41. The stock had a trading volume of 87,194 shares, compared to its average volume of 544,830. The firm’s fifty day simple moving average is $738.41 and its 200-day simple moving average is $697.01. The stock has a market cap of $53.01 billion, a PE ratio of 21.66, a PEG ratio of 1.83 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. 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 earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.48 by $0.22. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $9.88 EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.81%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio is presently 17.66%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on URI. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Raymond James started coverage on shares of United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target for the company. 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 report on Monday, August 19th. Citigroup initiated coverage on shares of United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price for the company. Finally, Robert W. Baird increased their price objective on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $694.46.

Insider Buying and Selling

In related news, SVP Joli L. Gross sold 360 shares of the firm’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 transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

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.