2,295 Shares in United Rentals, Inc. $URI Acquired by Donoghue Forlines LLC

Donoghue Forlines LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,295 shares of the construction company’s stock, valued at approximately $2,191,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Optas LLC lifted its holdings in shares of United Rentals by 0.9% in the 3rd quarter. Optas LLC now owns 1,174 shares of the construction company’s stock valued at $1,121,000 after buying an additional 10 shares during the period. CreativeOne Wealth LLC raised its position in United Rentals by 0.5% during the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock valued at $1,720,000 after acquiring an additional 11 shares in the last quarter. OFI Invest Asset Management raised its position in United Rentals by 6.7% during the third quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock valued at $167,000 after acquiring an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after acquiring an additional 11 shares during the period. Finally, Bank of Jackson Hole Trust boosted its position in United Rentals by 12.0% in the 2nd 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 in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Down 0.6%

URI opened at $921.21 on Friday. The firm has a market capitalization of $58.62 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.93 and a beta of 1.69. The company’s 50 day simple moving average is $835.27 and its two-hundred day simple moving average is $881.24. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84.

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

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s payout ratio is 18.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URI. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price on the stock in a research note on Sunday, January 4th. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price target 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $962.61.

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.