Impax Asset Management Group plc Has $4.92 Million Holdings in United Rentals, Inc. (NYSE:URI)

Impax Asset Management Group plc decreased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 99.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,073 shares of the construction company's stock after selling 582,270 shares during the period. Impax Asset Management Group plc's holdings in United Rentals were worth $4,917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Crewe Advisors LLC bought a new stake in shares of United Rentals in the 1st quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals during the 3rd quarter valued at $31,000. RFP Financial Group LLC boosted its stake in shares of United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after acquiring an additional 22 shares in the last quarter. Carmichael Hill & Associates Inc. grew its holdings in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of United Rentals during the third quarter worth $41,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

Shares of URI stock traded down $13.60 during mid-day trading on Friday, reaching $836.00. The company's stock had a trading volume of 603,106 shares, compared to its average volume of 601,641. The firm's 50-day moving average is $807.10 and its two-hundred day moving average is $725.83. The company has a market cap of $54.86 billion, a P/E ratio of 21.83, a PEG ratio of 1.99 and a beta of 1.68. United Rentals, Inc. has a 1-year low of $454.71 and a 1-year 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 for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the company earned $11.73 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. On average, research analysts predict that United Rentals, Inc. will post 43.55 earnings per share for the current year.

United Rentals Dividend Announcement

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

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

URI has been the topic of a number of analyst reports. Barclays lifted their price target on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Evercore ISI upped their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Citigroup lifted their price objective on shares of United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Bank of America raised their target price on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Robert W. Baird upped their price target on United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, United Rentals has a consensus rating of "Hold" and an average target price of $742.50.

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.