Groupama Asset Managment Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

Groupama Asset Managment increased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 9.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,367 shares of the construction company's stock after purchasing an additional 4,105 shares during the quarter. Groupama Asset Managment owned approximately 0.07% of United Rentals worth $39,164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. RFP Financial Group LLC lifted its stake in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock valued at $27,000 after acquiring an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals in the 3rd quarter worth about $31,000. Carmichael Hill & Associates Inc. raised its position in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in shares of United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in shares of United Rentals during the third quarter worth about $41,000. Institutional investors own 96.26% of the company's stock.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URI. Argus raised their price objective 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. Citigroup raised their price target on shares of United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a research note on Monday. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Robert W. Baird raised their target price on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a research report on Thursday, October 3rd. Finally, Truist Financial lifted their target price on United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $770.00.

United Rentals Stock Down 2.8 %

Shares of URI stock traded down $24.38 on Monday, reaching $834.54. 225,575 shares of the company were exchanged, compared to its average volume of 542,394. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company has a 50-day moving average of $834.23 and a 200-day moving average of $744.24. The company has a market cap of $54.76 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 2.01 and a beta of 1.66. United Rentals, Inc. has a one year low of $491.60 and a one year high of $896.98.

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 firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company posted $11.73 EPS. The firm's revenue was up 6.0% on a year-over-year basis. Analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Dividend Announcement

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

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.