Kerusso Capital Management LLC Has $5.19 Million Stake in United Rentals, Inc. (NYSE:URI)

Kerusso Capital Management LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 6.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,404 shares of the construction company’s stock after acquiring an additional 382 shares during the period. United Rentals makes up about 3.3% of Kerusso Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Kerusso Capital Management LLC’s holdings in United Rentals were worth $5,186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of URI. Mirae Asset Global Investments Co. Ltd. increased its holdings in United Rentals by 11.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after purchasing an additional 964 shares in the last quarter. Essex Financial Services Inc. grew its stake in shares of United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock worth $364,000 after purchasing an additional 136 shares during the period. Forsta AP Fonden increased its holdings in United Rentals by 2.8% in the first quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock valued at $10,528,000 after purchasing an additional 400 shares during the last quarter. Tidal Investments LLC lifted its stake in United Rentals by 241.2% in the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock valued at $3,504,000 after buying an additional 3,435 shares during the period. Finally, BDF Gestion bought a new position in United Rentals during the second quarter worth about $2,998,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

URI stock traded up $12.58 during trading hours on Friday, reaching $875.01. The stock had a trading volume of 468,375 shares, compared to its average volume of 548,398. The stock has a market capitalization of $57.42 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.06 and a beta of 1.68. The stock has a 50-day simple moving average of $791.80 and a 200 day simple moving average of $719.75. United Rentals, Inc. has a fifty-two week low of $435.80 and a fifty-two week high of $888.62. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company earned $11.73 EPS. United Rentals’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts predict that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.75%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on URI. Truist Financial increased their price target on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays raised their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Citigroup boosted their price objective on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $742.50.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

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.