1,643 Shares in United Rentals, Inc. (NYSE:URI) Bought by Myriad Asset Management US LP

Myriad Asset Management US LP bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,643 shares of the construction company's stock, valued at approximately $1,157,000.

Several other large investors have also bought and sold shares of the business. Nations Financial Group Inc. IA ADV boosted its stake in shares of United Rentals by 3.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 1,577 shares of the construction company's stock valued at $1,111,000 after purchasing an additional 54 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its holdings in United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after purchasing an additional 14 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of United Rentals by 13.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,475 shares of the construction company's stock valued at $1,743,000 after acquiring an additional 291 shares in the last quarter. Avestar Capital LLC boosted its position in shares of United Rentals by 9.4% during the fourth quarter. Avestar Capital LLC now owns 373 shares of the construction company's stock valued at $263,000 after buying an additional 32 shares during the last quarter. Finally, Hemington Wealth Management boosted its position in United Rentals by 19.8% in the fourth quarter. Hemington Wealth Management now owns 97 shares of the construction company's stock worth $68,000 after purchasing an additional 16 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on URI shares. Barclays boosted their price objective on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Morgan Stanley lowered their price objective on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a research note on Tuesday, January 14th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Truist Financial reiterated a "buy" rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy 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 $829.00.

United Rentals Price Performance

URI stock traded down $11.93 during trading on Wednesday, hitting $708.42. The stock had a trading volume of 637,402 shares, compared to its average volume of 660,600. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The stock has a market capitalization of $46.27 billion, a P/E ratio of 18.28, a PEG ratio of 1.52 and a beta of 1.68. The company's 50-day moving average price is $735.61 and its two-hundred day moving average price is $769.95.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, research analysts predict that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. United Rentals's payout ratio is 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.