Acropolis Investment Management LLC Sells 727 Shares of United Rentals, Inc. $URI

Acropolis Investment Management LLC trimmed its stake in United Rentals, Inc. (NYSE:URI) by 23.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,404 shares of the construction company’s stock after selling 727 shares during the period. Acropolis Investment Management LLC’s holdings in United Rentals were worth $2,295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC grew its holdings 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 purchasing an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings 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 buying an additional 11 shares during the period. Bank of Jackson Hole Trust boosted its holdings in shares of United Rentals by 12.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after buying an additional 12 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after buying an additional 13 shares during the last quarter. Finally, Cooper Financial Group raised its holdings in United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after acquiring an additional 13 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective for the company in a research report on Tuesday, September 16th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Finally, Citigroup dropped their price target on United Rentals from $1,140.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $961.72.

United Rentals Stock Down 3.3%

Shares of URI stock opened at $791.28 on Thursday. United Rentals, Inc. has a one year low of $525.91 and a one 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. The stock has a fifty day moving average price of $862.48 and a 200 day moving average price of $858.59. The stock has a market cap of $50.35 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 1.85 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 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%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $11.80 EPS. Analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s dividend payout ratio is 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.