Centiva Capital LP Makes New Investment in United Rentals, Inc. (NYSE:URI)

Centiva Capital LP purchased a new stake in United Rentals, Inc. (NYSE:URI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,330 shares of the construction company’s stock, valued at approximately $1,077,000.

Other hedge funds also recently made changes to their positions in the company. Mayflower Financial Advisors LLC lifted its holdings in United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares during the period. Allen Capital Group LLC raised its position in shares of United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after acquiring an additional 13 shares in the last quarter. First County Bank CT lifted its stake in shares of United Rentals by 3.2% in the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after purchasing an additional 13 shares during the period. Duncker Streett & Co. Inc. boosted its position in shares of United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after purchasing an additional 14 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its stake in United Rentals by 3.8% during the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after purchasing an additional 14 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on URI shares. Evercore ISI increased their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Truist Financial increased their target price on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Robert W. Baird lifted their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Citigroup increased their price objective on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Argus boosted their target price on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals presently has an average rating of “Hold” and a consensus price target of $767.86.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Performance

Shares of URI opened at $854.99 on Friday. United Rentals, Inc. has a 52 week low of $475.43 and a 52 week high of $896.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a 50 day moving average price of $832.29 and a two-hundred day moving average price of $741.59. The firm has a market capitalization of $56.11 billion, a P/E ratio of 22.50, a P/E/G ratio of 2.04 and a beta of 1.66.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $11.73 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.76%. United Rentals’s payout ratio is currently 17.03%.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.