Gilman Hill Asset Management LLC Has $4.55 Million Stake in United Rentals, Inc. $URI

Gilman Hill Asset Management LLC reduced its holdings in United Rentals, Inc. (NYSE:URI) by 22.8% during the 3rd quarter, Holdings Channel reports. The fund owned 4,764 shares of the construction company’s stock after selling 1,405 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in United Rentals were worth $4,548,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new position in United Rentals in the second quarter worth $28,000. Maseco LLP bought a new position in shares of United Rentals in the second quarter valued at about $32,000. Flaharty Asset Management LLC acquired a new position in United Rentals during the 1st quarter worth about $30,000. Trust Co. of Toledo NA OH bought a new stake in United Rentals during the 2nd quarter worth about $38,000. Finally, Hantz Financial Services Inc. increased its position in United Rentals by 103.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research reports. JPMorgan Chase & Co. upped 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. UBS Group restated a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a research report on Tuesday, October 28th. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Truist Financial lowered their target price on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Finally, BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $954.83.

United Rentals Price Performance

URI opened at $817.98 on Wednesday. The company has a fifty day moving average price of $849.30 and a two-hundred day moving average price of $862.88. 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 capitalization of $52.05 billion, a PE ratio of 21.04, a P/E/G ratio of 1.86 and a beta of 1.68.

United Rentals (NYSE:URI) last posted 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 during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the company earned $11.80 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced 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. 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 dividend payout ratio (DPR) is 18.42%.

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.