Mizuho Securities USA LLC Buys 54,750 Shares of United Rentals, Inc. (NYSE:URI)

Mizuho Securities USA LLC raised its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 1,067.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,879 shares of the construction company's stock after purchasing an additional 54,750 shares during the period. Mizuho Securities USA LLC owned approximately 0.09% of United Rentals worth $48,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of URI. Orion Portfolio Solutions LLC increased its holdings in United Rentals by 48.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company's stock worth $2,256,000 after buying an additional 1,016 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in United Rentals by 5.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 557 shares of the construction company's stock valued at $402,000 after purchasing an additional 30 shares during the period. Pinkerton Retirement Specialists LLC bought a new position in United Rentals during the first quarter valued at approximately $206,000. Osaic Holdings Inc. boosted its holdings in United Rentals by 12.9% in the first quarter. Osaic Holdings Inc. now owns 37,753 shares of the construction company's stock worth $27,229,000 after purchasing an additional 4,308 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in United Rentals by 187.7% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 5,161 shares of the construction company's stock worth $3,722,000 after purchasing an additional 3,367 shares during the period. Institutional investors own 96.26% of the company's stock.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company's stock, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by corporate insiders.

United Rentals Price Performance

NYSE URI traded down $13.60 during trading hours 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. United Rentals, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $54.86 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.99 and a beta of 1.68. The firm's 50-day moving average price is $807.10 and its 200-day moving average price is $725.83.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The company 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $11.73 EPS. On average, equities research analysts predict that United Rentals, Inc. will post 43.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $1.63 dividend. 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 dividend payout ratio is currently 17.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on URI shares. Bank of America raised 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. Citigroup raised their target price on United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Evercore ISI increased their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Finally, Truist Financial increased their price target on shares of United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $742.50.

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.