Clarius Group LLC Has $657,000 Stock Holdings in United Rentals, Inc. $URI

Clarius Group LLC trimmed its stake in shares of United Rentals, Inc. (NYSE:URI) by 56.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 688 shares of the construction company’s stock after selling 907 shares during the quarter. Clarius Group LLC’s holdings in United Rentals were worth $657,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of URI. CreativeOne Wealth LLC boosted its holdings in shares of United Rentals by 0.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after buying an additional 11 shares during the period. Great Valley Advisor Group Inc. raised its holdings in United Rentals by 2.9% in the 2nd 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. Bank of Jackson Hole Trust lifted its position in United Rentals by 12.0% during the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after acquiring an additional 12 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of United Rentals by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after acquiring an additional 13 shares during the period. Finally, Cooper Financial Group grew its position in shares of United Rentals by 1.6% in the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after purchasing an additional 13 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on URI shares. BNP Paribas set a $900.00 price target on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. increased their price objective on 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. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price for the company in a report on Tuesday, September 16th. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Finally, Barclays lowered their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $954.83.

United Rentals Stock Performance

URI opened at $817.25 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The firm has a market cap of $52.00 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.68. The business’s fifty day moving average is $852.95 and its 200-day moving average is $862.09.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). The firm 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 company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $11.80 EPS. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

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

About United Rentals

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.