Kera Capital Partners Inc. Has $4.22 Million Position in United Rentals, Inc. $URI

Kera Capital Partners Inc. lifted its stake in United Rentals, Inc. (NYSE:URI) by 1,265.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,425 shares of the construction company’s stock after purchasing an additional 4,101 shares during the period. Kera Capital Partners Inc.’s holdings in United Rentals were worth $4,224,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Optas LLC increased its stake in United Rentals by 0.9% during the 3rd quarter. Optas LLC now owns 1,174 shares of the construction company’s stock worth $1,121,000 after purchasing an additional 10 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of United Rentals by 0.5% during the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after buying an additional 11 shares in the last quarter. OFI Invest Asset Management raised its position in United Rentals by 6.7% in the 3rd quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock valued at $167,000 after buying an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after acquiring an additional 11 shares in the last quarter. Finally, Bank of Jackson Hole Trust boosted its holdings in United Rentals by 12.0% during the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after purchasing an additional 12 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

URI stock opened at $939.79 on Wednesday. The firm has a market cap of $59.80 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.97 and a beta of 1.69. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average price of $830.70 and a 200-day moving average price of $878.75. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. United Rentals’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $11.80 earnings per share. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s payout ratio is presently 18.42%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on URI. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a research note on Friday, October 24th. Barclays reduced their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. lifted their target price on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $962.61.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.