Empowered Funds LLC Has $4.12 Million Stake in United Rentals, Inc. (NYSE:URI)

Empowered Funds LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 22.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,092 shares of the construction company's stock after buying an additional 929 shares during the quarter. Empowered Funds LLC's holdings in United Rentals were worth $4,123,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC boosted 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 valued at $1,300,962,000 after acquiring an additional 1,604,715 shares in the last quarter. Capital International Investors acquired a new stake in shares of United Rentals in the 1st quarter valued at about $332,349,000. AMF Tjanstepension AB increased its position in United Rentals by 77.7% during the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company's stock worth $295,626,000 after buying an additional 199,810 shares during the period. Marshall Wace LLP increased its position in United Rentals by 259.3% during the second 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 period. Finally, AGF Management Ltd. boosted its holdings in shares of United Rentals by 4,778.7% in 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 period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was 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 of the company's stock, 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 SEC, which is accessible through this link. Company insiders own 0.49% of the company's stock.

Analyst Ratings Changes

URI has been the topic of a number of recent research reports. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Truist Financial upped their target price on shares of 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 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. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. Finally, Evercore ISI lifted their target price on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Three research analysts have 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $742.50.

United Rentals Stock Performance

URI traded down $3.06 during trading on Monday, reaching $832.94. 460,694 shares of the company were exchanged, compared to its average volume of 547,519. The firm has a 50 day moving average of $807.10 and a 200 day moving average of $726.74. The stock has a market cap of $54.66 billion, a P/E ratio of 21.73, a PEG ratio of 1.96 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, Inc. has a 52 week low of $454.71 and a 52 week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly 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 company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $11.73 earnings per share. On average, sell-side analysts forecast that United Rentals, Inc. will post 43.55 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.78%. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

United Rentals 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.