United Rentals, Inc. $URI Shares Sold by Nwam LLC

Nwam LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 92.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292 shares of the construction company’s stock after selling 3,345 shares during the quarter. Nwam LLC’s holdings in United Rentals were worth $288,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC increased its holdings in United Rentals by 650.0% in the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after buying an additional 26 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of United Rentals in the 3rd quarter valued at about $32,000. Loomis Sayles & Co. L P acquired a new position in United Rentals in the 2nd quarter worth about $28,000. Maseco LLP acquired a new stake in United Rentals in the second quarter valued at approximately $32,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in United Rentals in the third quarter valued at approximately $40,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE:URI opened at $921.21 on Monday. The company has a market cap of $58.62 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.93 and a beta of 1.69. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The company’s 50-day moving average price is $835.27 and its 200-day moving average price is $881.90. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 EPS 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 business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the company posted $11.80 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals’s payout ratio is 18.42%.

Analysts Set New Price Targets

URI has been the subject of several research analyst reports. Wells Fargo & Company initiated coverage on United Rentals in a research note on Thursday, November 13th. They set an “overweight” rating and a $995.00 target price for the company. UBS Group upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective for the company in a research report on Sunday, January 4th. Citigroup lifted their target price on shares of United Rentals from $950.00 to $1,090.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $962.61.

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.