Orange Investment Advisors Inc. Sells 977 Shares of United Rentals, Inc. $URI

Orange Investment Advisors Inc. lessened its holdings in United Rentals, Inc. (NYSE:URI) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,131 shares of the construction company’s stock after selling 977 shares during the quarter. United Rentals accounts for approximately 1.1% of Orange Investment Advisors Inc.’s investment portfolio, making the stock its 23rd biggest position. Orange Investment Advisors Inc.’s holdings in United Rentals were worth $10,626,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. CreativeOne Wealth LLC boosted its holdings in United Rentals by 0.9% in the 1st quarter. CreativeOne Wealth LLC now owns 2,272 shares of the construction company’s stock valued at $1,424,000 after purchasing an additional 21 shares during the period. Ieq Capital LLC raised its position in shares of United Rentals by 50.4% in the first quarter. Ieq Capital LLC now owns 2,094 shares of the construction company’s stock valued at $1,312,000 after buying an additional 702 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of United Rentals by 182.0% in the first quarter. Landscape Capital Management L.L.C. now owns 3,209 shares of the construction company’s stock valued at $2,011,000 after buying an additional 2,071 shares during the period. Canada Pension Plan Investment Board grew its position in United Rentals by 76.2% during the first quarter. Canada Pension Plan Investment Board now owns 80,644 shares of the construction company’s stock worth $50,540,000 after buying an additional 34,887 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after acquiring an additional 190,007 shares during the period. 96.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company started coverage on United Rentals in a research report on Thursday, November 13th. They set an “overweight” rating and a $995.00 target price for the company. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a research note on Tuesday, September 16th. Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Finally, Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $954.83.

United Rentals Price Performance

URI stock opened at $827.67 on Friday. The stock has a market cap of $52.66 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.88 and a beta of 1.68. 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 50 day simple moving average of $838.74 and a 200 day simple moving average of $863.18. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47.

United Rentals (NYSE:URI) last posted its 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). 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.80 EPS. Research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

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