Mizuho Securities USA LLC Has $4.38 Million Holdings in United Rentals, Inc. (NYSE:URI)

Mizuho Securities USA LLC boosted its position in United Rentals, Inc. (NYSE:URI) by 44.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,219 shares of the construction company’s stock after acquiring an additional 1,901 shares during the quarter. Mizuho Securities USA LLC’s holdings in United Rentals were worth $4,381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of URI. Avior Wealth Management LLC grew its stake in United Rentals by 24.0% in the 3rd quarter. Avior Wealth Management LLC now owns 217 shares of the construction company’s stock valued at $176,000 after buying an additional 42 shares during the last quarter. LPL Financial LLC boosted its holdings in United Rentals by 8.4% in the 3rd quarter. LPL Financial LLC now owns 124,946 shares of the construction company’s stock valued at $101,173,000 after purchasing an additional 9,684 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in United Rentals by 23.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 392 shares of the construction company’s stock valued at $318,000 after purchasing an additional 74 shares during the period. Kingsview Wealth Management LLC boosted its holdings in United Rentals by 2.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 2,914 shares of the construction company’s stock valued at $2,360,000 after purchasing an additional 57 shares during the period. Finally, WESPAC Advisors LLC bought a new stake in United Rentals in the 3rd quarter valued at $937,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on URI shares. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup reduced their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Bank of America reduced their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a report on Friday. Evercore ISI reduced their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $815.67.

United Rentals Trading Down 0.3 %

Shares of URI stock opened at $628.63 on Monday. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98. The company has a market capitalization of $41.05 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. The firm has a 50-day moving average price of $696.39 and a 200 day moving average price of $757.16. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. United Rentals’s payout ratio is currently 18.48%.

United Rentals Company 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.