Miracle Mile Advisors LLC Acquires Shares of 435 United Rentals, Inc. (NYSE:URI)

Miracle Mile Advisors LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 435 shares of the construction company's stock, valued at approximately $306,000.

Several other institutional investors have also added to or reduced their stakes in URI. Mayflower Financial Advisors LLC lifted its stake in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company's stock valued at $274,000 after acquiring an additional 13 shares during the last quarter. Allen Capital Group LLC lifted its stake in shares of United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company's stock valued at $262,000 after purchasing an additional 13 shares during the period. First County Bank CT boosted its holdings in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company's stock worth $342,000 after buying an additional 13 shares in the last quarter. IAM Advisory LLC boosted its stake in United Rentals by 1.6% during the third quarter. IAM Advisory LLC now owns 900 shares of the construction company's stock worth $729,000 after acquiring an additional 14 shares in the last quarter. Finally, CVA Family Office LLC raised its stake in United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company's stock worth $683,000 after buying an additional 14 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised 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. Citigroup lowered their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Finally, Truist Financial lowered their price target on shares of United Rentals from $965.00 to $963.00 and set a "buy" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $805.08.

Insider Activity at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's 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. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

United Rentals Price Performance

Shares of NYSE URI traded up $13.39 during mid-day trading on Friday, reaching $770.81. 895,412 shares of the company were exchanged, compared to its average volume of 761,338. The stock has a market capitalization of $50.58 billion, a PE ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 52 week low of $553.22 and a 52 week high of $896.98. The company's 50 day moving average price is $780.86 and its 200 day moving average price is $759.88.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals'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 company posted $11.73 earnings per share. Sell-side analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.85%. United Rentals's payout ratio is 17.03%.

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.