Yousif Capital Management LLC Has $8.22 Million Stock Holdings in United Rentals, Inc. $URI

Yousif Capital Management LLC cut its position in shares of United Rentals, Inc. (NYSE:URI) by 8.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,610 shares of the construction company’s stock after selling 810 shares during the period. Yousif Capital Management LLC’s holdings in United Rentals were worth $8,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compound Planning Inc. raised its position in United Rentals by 6.9% during the first quarter. Compound Planning Inc. now owns 655 shares of the construction company’s stock valued at $411,000 after buying an additional 42 shares during the period. Freedom Investment Management Inc. increased its position in United Rentals by 9.2% in the 1st quarter. Freedom Investment Management Inc. now owns 510 shares of the construction company’s stock worth $319,000 after purchasing an additional 43 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of United Rentals by 16.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,920 shares of the construction company’s stock valued at $2,457,000 after buying an additional 542 shares during the last quarter. Harvest Portfolios Group Inc. raised its position in United Rentals by 28.4% during the first quarter. Harvest Portfolios Group Inc. now owns 2,747 shares of the construction company’s stock valued at $1,722,000 after acquiring an additional 608 shares in the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in United Rentals in the first quarter worth approximately $65,613,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on URI shares. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target for the company in a research note on Tuesday, September 16th. Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. UBS Group reissued a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a research report on Tuesday, October 28th. Truist Financial dropped their price objective on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating on the stock in a report on Thursday, December 18th. Finally, Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $954.83.

United Rentals Trading Up 0.2%

Shares of URI stock opened at $817.98 on Wednesday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The firm has a 50-day moving average price of $849.30 and a 200 day moving average price of $862.88. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $52.05 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.86 and a beta of 1.68.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s payout ratio is currently 18.42%.

United Rentals Profile

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.