Retireful LLC Purchases New Shares in United Rentals, Inc. (NYSE:URI)

Retireful LLC bought a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 861 shares of the construction company's stock, valued at approximately $697,000.

Several other institutional investors have also recently made changes to their positions in URI. International Assets Investment Management LLC lifted its stake 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 worth $1,300,962,000 after purchasing an additional 1,604,715 shares during the last quarter. Capital International Investors bought a new position in shares of United Rentals during the first quarter valued at about $332,349,000. AMF Tjanstepension AB raised its stake in shares of United Rentals by 77.7% during the second 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 during the last quarter. Marshall Wace LLP raised its stake in shares of United Rentals by 259.3% during the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company's stock valued at $97,108,000 after acquiring an additional 108,360 shares during the last quarter. Finally, AGF Management Ltd. raised its stake in shares of United Rentals by 4,778.7% during the second quarter. AGF Management Ltd. now owns 103,672 shares of the construction company's stock valued at $67,048,000 after acquiring an additional 101,547 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Trading Down 0.1 %

NYSE URI traded down $0.91 on Wednesday, hitting $820.25. 402,101 shares of the stock were exchanged, compared to its average volume of 546,490. The firm has a market capitalization of $53.82 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.96 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98. The stock has a fifty day moving average price of $814.46 and a two-hundred day moving average price of $729.65. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI - Get Free Report) last released its 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). The business had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.73 EPS. Research analysts forecast that United Rentals, Inc. will post 43.55 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.79%. United Rentals's dividend payout ratio is currently 17.03%.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares of the company's stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by company insiders.

Analyst Ratings Changes

URI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. Citigroup increased their price objective on shares of United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Truist Financial increased their target price on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. The Goldman Sachs Group upped their price objective on United Rentals from $790.00 to $905.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, Bank of America raised their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, United Rentals presently has an average rating of "Hold" and a consensus target price of $751.67.

About United Rentals

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.