United Rentals, Inc. $URI Stock: Soltis Investment Advisors LLC Raises Position

Soltis Investment Advisors LLC raised its holdings in United Rentals, Inc. (NYSE:URI) by 488.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,418 shares of the construction company’s stock after purchasing an additional 1,177 shares during the period. Soltis Investment Advisors LLC’s holdings in United Rentals were worth $1,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of United Rentals during the 2nd quarter valued at approximately $29,000. MidFirst Bank acquired a new stake in United Rentals in the 2nd quarter valued at $31,000. Bell Investment Advisors Inc acquired a new stake in United Rentals in the 2nd quarter valued at $40,000. Laurel Wealth Advisors LLC purchased a new stake in United Rentals in the 3rd quarter worth $40,000. Finally, Frazier Financial Advisors LLC increased its holdings in United Rentals by 33.3% in the 1st quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock worth $41,000 after acquiring an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on URI shares. Truist Financial upped their price objective on shares of United Rentals from $1,395.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Bank of America restated a “buy” rating on shares of United Rentals in a research report on Thursday, October 22nd. JPMorgan Chase & Co. downgraded United Rentals from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $1,235.00 to $1,170.00 in a research report on Thursday, September 10th. Wells Fargo & Company boosted their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,288.19.

United Rentals Stock Down 2.6%

Shares of NYSE URI opened at $1,167.43 on Friday. The company has a 50 day simple moving average of $1,049.13 and a 200-day simple moving average of $970.70. The company has a market capitalization of $72.29 billion, a P/E ratio of 25.66, a P/E/G ratio of 1.70 and a beta of 1.83. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.80 and a quick ratio of 0.73. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,202.12.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, beating analysts’ consensus estimates of $13.97 by $1.58. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.71 billion. United Rentals had a return on equity of 33.47% and a net margin of 16.33%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $11.70 earnings per share. On average, equities research analysts predict that United Rentals, Inc. will post 50.83 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be given a $1.97 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is currently 17.32%.

United Rentals Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.