United Rentals, Inc. (NYSE:URI) Stock Holdings Decreased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 68.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,888 shares of the construction company's stock after selling 17,190 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in United Rentals were worth $6,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of United Rentals by 82,462.2% in the 3rd 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 in the last quarter. AMF Tjanstepension AB raised its stake in 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 buying an additional 199,810 shares in the last quarter. Marshall Wace LLP lifted its holdings in United Rentals by 259.3% during the 2nd quarter. Marshall Wace LLP now owns 150,152 shares of the construction company's stock worth $97,108,000 after buying an additional 108,360 shares during the last quarter. AGF Management Ltd. grew its position in shares of United Rentals by 4,778.7% in the 2nd quarter. AGF Management Ltd. now owns 103,672 shares of the construction company's stock worth $67,048,000 after acquiring an additional 101,547 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of United Rentals in the 1st quarter valued at approximately $41,731,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Argus lifted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Citigroup raised their target price on shares of United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Finally, The Goldman Sachs Group raised their price target on United Rentals from $790.00 to $905.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, United Rentals has a consensus rating of "Hold" and an average target price of $751.67.

United Rentals Price Performance

Shares of NYSE:URI traded up $8.58 during trading on Friday, reaching $849.32. The company had a trading volume of 465,633 shares, compared to its average volume of 582,246. The firm's fifty day moving average is $819.40 and its 200 day moving average is $731.97. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The firm has a market capitalization of $55.73 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.97 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $454.71 and a twelve month high of $896.98.

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). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the company earned $11.73 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by company insiders.

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.