Cerity Partners LLC Purchases 6,934 Shares of United Rentals, Inc. $URI

Cerity Partners LLC boosted its position in United Rentals, Inc. (NYSE:URI) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,561 shares of the construction company’s stock after purchasing an additional 6,934 shares during the period. Cerity Partners LLC owned approximately 0.20% of United Rentals worth $95,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new stake in shares of United Rentals during the 2nd quarter worth approximately $28,000. Maseco LLP purchased a new stake in United Rentals in the second quarter worth $32,000. Flaharty Asset Management LLC purchased a new stake in United Rentals in the first quarter worth $30,000. Trust Co. of Toledo NA OH bought a new stake in shares of United Rentals during the second quarter worth $38,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of United Rentals by 103.7% during the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after purchasing an additional 28 shares during the period. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective for the company in a report on Tuesday, September 16th. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Truist Financial set a $1,169.00 price target on United Rentals in a report on Friday, October 24th. Citigroup restated a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $968.94.

United Rentals Stock Performance

Shares of NYSE:URI opened at $796.27 on Monday. The firm has a 50 day moving average of $889.08 and a 200 day moving average of $854.04. 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 $50.67 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.80 and a beta of 1.68. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47.

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

United Rentals Dividend Announcement

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

United Rentals 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.