Sanctuary Advisors LLC Buys 15,669 Shares of United Rentals, Inc. (NYSE:URI)

Sanctuary Advisors LLC raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 219.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,824 shares of the construction company’s stock after acquiring an additional 15,669 shares during the period. Sanctuary Advisors LLC’s holdings in United Rentals were worth $19,385,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals during the 3rd quarter valued at $31,000. RFP Financial Group LLC increased its holdings in shares of United Rentals by 115.8% in the second 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. Carmichael Hill & Associates Inc. boosted its holdings in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares during the period. HM Payson & Co. bought a new position in United Rentals during the 3rd quarter worth approximately $41,000. Finally, HHM Wealth Advisors LLC increased its stake in United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction on 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 directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by insiders.

United Rentals Price Performance

Shares of NYSE:URI opened at $786.30 on Friday. The company has a market capitalization of $51.60 billion, a PE ratio of 20.54, a PEG ratio of 1.87 and a beta of 1.66. The business has a fifty day moving average price of $834.50 and a 200-day moving average price of $746.93. United Rentals, Inc. has a 1-year low of $504.65 and a 1-year high of $896.98. 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 announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the firm earned $11.73 earnings per share. United Rentals’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.83%. United Rentals’s payout ratio is 17.03%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Truist Financial increased their price objective on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup boosted their price objective on shares of United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research report on Monday. Robert W. Baird boosted their price target on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Bank of America raised their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays upped their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and an average price target of $770.00.

United Rentals Company 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.