CreativeOne Wealth LLC Acquires 381 Shares of United Rentals, Inc. (NYSE:URI)

CreativeOne Wealth LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 24.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,933 shares of the construction company’s stock after buying an additional 381 shares during the period. CreativeOne Wealth LLC’s holdings in United Rentals were worth $1,565,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Mayflower Financial Advisors LLC boosted its holdings in shares of United Rentals by 4.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares in the last quarter. Allen Capital Group LLC boosted its holdings in shares of United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after buying an additional 13 shares in the last quarter. First County Bank CT boosted its holdings in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after buying an additional 13 shares in the last quarter. Duncker Streett & Co. Inc. boosted its holdings in shares of United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after buying an additional 14 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in shares of United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Argus boosted their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI boosted their price objective 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, Truist Financial increased their price objective on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, United Rentals presently has an average rating of “Hold” and an average price target of $751.67.

United Rentals Stock Performance

Shares of United Rentals stock opened at $856.98 on Friday. The firm has a market cap of $56.24 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.01 and a beta of 1.68. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $454.71 and a 12 month high of $896.98. The stock’s fifty day moving average price is $825.56 and its 200-day moving average price is $735.67.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 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 firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the business posted $11.73 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $1.63 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.76%. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

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.