Erste Asset Management GmbH Purchases Shares of 2,780 United Rentals, Inc. (NYSE:URI)

Erste Asset Management GmbH bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,780 shares of the construction company's stock, valued at approximately $2,263,000.

Other large investors have also added to or reduced their stakes in the company. RFP Financial Group LLC increased its stake in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after purchasing an additional 22 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals during the 3rd quarter worth $31,000. Carmichael Hill & Associates Inc. lifted its holdings in shares of United Rentals by 80.0% during 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. HHM Wealth Advisors LLC boosted its position in shares of United Rentals by 280.0% in the second 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 period. Finally, HM Payson & Co. bought a new stake in shares of United Rentals in the third quarter valued at about $41,000. Institutional investors own 96.26% of the company's stock.

Insider Transactions at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals 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 directly owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock traded up $12.12 during midday trading on Tuesday, hitting $869.17. 479,644 shares of the company traded hands, compared to its average volume of 543,997. The firm's fifty day moving average price is $829.62 and its 200-day moving average price is $739.40. The stock has a market cap of $57.03 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.01 and a beta of 1.66. United Rentals, Inc. has a 12 month low of $474.56 and a 12 month high of $896.98. 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 announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the company posted $11.73 earnings per share. The firm's quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals's payout ratio is 17.03%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on URI shares. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. Truist Financial boosted their price target on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, Citigroup upped their target price on United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Three investment 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. Based on data from MarketBeat.com, United Rentals presently has an average rating of "Hold" and a consensus price target 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.