United Rentals, Inc. (NYSE:URI) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lowered its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 45.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,158 shares of the construction company's stock after selling 16,675 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in United Rentals were worth $16,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the 3rd quarter worth approximately $31,000. RFP Financial Group LLC grew its holdings in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock valued at $27,000 after buying an additional 22 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after buying an additional 20 shares in the last quarter. HM Payson & Co. bought a new position in shares of United Rentals during the third quarter worth $41,000. Finally, HHM Wealth Advisors LLC increased its holdings in United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after acquiring an additional 42 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on URI. JPMorgan Chase & Co. lifted their price objective on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. Truist Financial lifted their price objective 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. Argus increased their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Robert W. Baird upped their price objective on United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research report on Thursday, October 3rd. Finally, Bank of America boosted their target price on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Three 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 company. According to data from MarketBeat.com, United Rentals has a consensus rating of "Hold" and an average target price of $751.67.

United Rentals Stock Down 1.0 %

Shares of URI traded down $8.89 during midday trading on Monday, reaching $857.11. 354,021 shares of the stock were exchanged, compared to its average volume of 544,275. United Rentals, Inc. has a 52 week low of $474.56 and a 52 week high of $896.98. The company's 50 day moving average is $828.46 and its two-hundred day moving average is $738.16. The company has a market capitalization of $56.25 billion, a P/E ratio of 22.62, a PEG ratio of 2.03 and a beta of 1.68. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate 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%. United Rentals's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $11.73 EPS. On average, sell-side analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

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

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the company's 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 transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by insiders.

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.