United Rentals, Inc. (NYSE:URI) Shares Bought by Dakota Wealth Management

Dakota Wealth Management lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 183.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,060 shares of the construction company’s stock after acquiring an additional 7,152 shares during the quarter. Dakota Wealth Management’s holdings in United Rentals were worth $8,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC grew its holdings in United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of United Rentals by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 637,188 shares of the construction company’s stock worth $412,089,000 after buying an additional 27,708 shares in the last quarter. Capital International Investors acquired a new stake in United Rentals in the 1st quarter valued at about $332,349,000. AMF Tjanstepension AB increased its holdings in United Rentals by 77.7% during the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after acquiring an additional 199,810 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in United Rentals by 5.7% during the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company’s stock worth $247,001,000 after acquiring an additional 20,481 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

United Rentals Trading Down 1.1 %

Shares of URI stock opened at $824.99 on Friday. The firm’s 50-day simple moving average is $770.73 and its 200-day simple moving average is $707.41. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $861.74. The firm has a market cap of $54.56 billion, a P/E ratio of 21.78, a PEG ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the business earned $11.73 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that United Rentals, Inc. will post 44.38 EPS for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Wednesday, November 13th. United Rentals’s payout ratio is currently 17.21%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on URI. Evercore ISI increased their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Citigroup increased their target price on United Rentals from $860.00 to $930.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Raymond James started coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target for the company. JPMorgan Chase & Co. upped their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, The Goldman Sachs Group lifted their price objective on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus price target of $728.86.

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.