BDF Gestion Has $2.92 Million Stock Position in United Rentals, Inc. $URI

BDF Gestion lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 17.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,060 shares of the construction company’s stock after selling 638 shares during the period. BDF Gestion’s holdings in United Rentals were worth $2,921,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new position in United Rentals during the second quarter valued at $152,069,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in United Rentals during the 2nd quarter worth about $298,000. Vise Technologies Inc. purchased a new position in United Rentals during the 2nd quarter valued at about $7,514,000. Symphony Financial Ltd. Co. acquired a new position in shares of United Rentals in the 2nd quarter valued at about $29,171,000. Finally, Stenger Family Office LLC purchased a new stake in shares of United Rentals in the second quarter worth approximately $2,388,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 1.4%

United Rentals stock opened at $811.98 on Friday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The company’s fifty day moving average price is $856.10 and its two-hundred day moving average price is $859.02. 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 company has a market capitalization of $51.67 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.82 and a beta of 1.68.

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

United Rentals Announces Dividend

The business also recently declared 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 was Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Analyst Upgrades and Downgrades

URI has been the topic of several research reports. 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 research note on Thursday. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup cut their price objective on United Rentals from $1,140.00 to $950.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Wells Fargo & Company began coverage on United Rentals in a research report on Thursday, November 13th. They set an “overweight” rating and a $995.00 price objective for the company. Finally, UBS Group reaffirmed a “neutral” rating and issued a $1,025.00 target price on shares of United Rentals in a research report on Tuesday, October 28th. Two research 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 has a consensus rating of “Moderate Buy” and an average target price of $954.83.

United Rentals Company 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.