United Rentals, Inc. (NYSE:URI) Shares Bought by ING Groep NV

ING Groep NV increased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 413.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,906 shares of the construction company's stock after buying an additional 3,145 shares during the period. ING Groep NV's holdings in United Rentals were worth $3,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in shares of United Rentals in the first quarter valued at $27,000. RFP Financial Group LLC grew 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 worth $27,000 after buying an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals in the 3rd quarter worth about $31,000. Carmichael Hill & Associates Inc. raised its position in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after buying an additional 20 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of United Rentals by 280.0% in the 2nd 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 last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

United Rentals stock traded down $13.60 during midday trading on Friday, reaching $836.00. The company had a trading volume of 603,106 shares, compared to its average volume of 601,641. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98. The company has a market capitalization of $54.86 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.96 and a beta of 1.68. The firm's fifty day simple moving average is $807.10 and its 200-day simple moving average is $726.23.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $11.73 earnings per share. As a group, equities analysts anticipate that United Rentals, Inc. will post 43.55 EPS for the current year.

United Rentals Announces Dividend

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

Insider Buying and Selling at United Rentals

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 value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore ISI boosted their price objective on United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Truist Financial raised their price target on United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. Finally, The Goldman Sachs Group upped their price target on shares of United Rentals from $790.00 to $905.00 and gave the company a "buy" rating in a report on Friday, July 26th. Three 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. Based on data from MarketBeat, United Rentals currently has a consensus rating of "Hold" and a consensus price target of $742.50.

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.