Heartland Bank & Trust Co Sells 50 Shares of United Rentals, Inc. (NYSE:URI)

by · The Cerbat Gem

Heartland Bank & Trust Co lowered its stake in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363 shares of the construction company’s stock after selling 50 shares during the quarter. Heartland Bank & Trust Co’s holdings in United Rentals were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital International Investors acquired a new position in shares of United Rentals during the 1st quarter worth $332,349,000. AMF Tjanstepension AB lifted its holdings in shares of United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after acquiring an additional 199,810 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of United Rentals by 259.3% in the 2nd quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after purchasing an additional 108,360 shares in the last quarter. AGF Management Ltd. lifted its stake in United Rentals by 4,778.7% in the 2nd quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock valued at $67,048,000 after purchasing an additional 101,547 shares during the last quarter. Finally, Heritage Wealth Advisors boosted its position in United Rentals by 15,100.8% in the first quarter. Heritage Wealth Advisors now owns 100,781 shares of the construction company’s stock valued at $72,674,000 after buying an additional 100,118 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $833.10 on Thursday. The company has a market capitalization of $55.10 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. The company’s 50-day moving average is $768.65 and its 200 day moving average is $706.59. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $861.74.

United Rentals (NYSE:URI – Get Free Report) last released its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $9.88 earnings per share. On average, equities research analysts forecast that United Rentals, Inc. will post 44.38 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. United Rentals’s payout ratio is 17.21%.

Analyst Upgrades and Downgrades

URI has been the subject of a number of research reports. Evercore ISI raised their price objective 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. Raymond James assumed coverage on shares of United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective on the stock. Robert W. Baird raised 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. Citigroup upped their price target on United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their price objective on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, United Rentals presently has an average rating of “Hold” and a consensus target price of $714.92.

Check Out Our Latest Research Report on URI

About United Rentals

(Free Report)

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.

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