979 Shares in United Rentals, Inc. (NYSE:URI) Acquired by Landing Point Financial Group LLC

Landing Point Financial Group LLC acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 979 shares of the construction company's stock, valued at approximately $719,000. United Rentals accounts for 0.6% of Landing Point Financial Group LLC's holdings, making the stock its 25th largest holding.

Several other large investors have also bought and sold shares of URI. MML Investors Services LLC lifted its stake in shares of United Rentals by 14.1% in the 4th quarter. MML Investors Services LLC now owns 12,501 shares of the construction company's stock valued at $8,806,000 after purchasing an additional 1,547 shares during the period. Norinchukin Bank The raised its holdings in United Rentals by 12.6% in the fourth quarter. Norinchukin Bank The now owns 3,230 shares of the construction company's stock worth $2,275,000 after purchasing an additional 361 shares in the last quarter. Ossiam lifted its position in United Rentals by 3,727.8% during the fourth quarter. Ossiam now owns 1,378 shares of the construction company's stock valued at $971,000 after buying an additional 1,342 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of United Rentals by 18.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 33,435 shares of the construction company's stock valued at $23,553,000 after buying an additional 5,223 shares in the last quarter. Finally, Capital World Investors grew its position in shares of United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after buying an additional 323,636 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Performance

URI stock traded up $14.89 on Wednesday, hitting $589.65. The company had a trading volume of 884,239 shares, compared to its average volume of 589,492. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The stock has a market cap of $38.52 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.43 and a beta of 1.72. The stock's 50-day simple moving average is $619.53 and its 200 day simple moving average is $729.21.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.21%. United Rentals's payout ratio is currently 18.48%.

Analyst Ratings Changes

Several research firms recently commented on URI. Bank of America dropped their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Evercore ISI cut their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial lowered their price target on United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $729.79.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.53% of the company's stock.

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.