National Pension Service Sells 8,158 Shares of United Rentals, Inc. (NYSE:URI)

National Pension Service lowered its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,334 shares of the construction company's stock after selling 8,158 shares during the period. National Pension Service owned about 0.14% of United Rentals worth $75,575,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Norden Group LLC acquired a new position in shares of United Rentals in the first quarter worth about $312,000. Rehmann Capital Advisory Group acquired a new position in shares of United Rentals in the first quarter worth about $262,000. Larson Financial Group LLC boosted its holdings in shares of United Rentals by 361.5% in the first quarter. Larson Financial Group LLC now owns 300 shares of the construction company's stock worth $216,000 after buying an additional 235 shares during the period. Signaturefd LLC boosted its holdings in shares of United Rentals by 7.7% in the first quarter. Signaturefd LLC now owns 1,600 shares of the construction company's stock worth $1,154,000 after buying an additional 115 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of United Rentals by 73.4% in the first quarter. Geneos Wealth Management Inc. now owns 3,121 shares of the construction company's stock worth $2,251,000 after buying an additional 1,321 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals 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 transaction, the senior vice president now owns 2,044 shares of the company's stock, valued at $1,682,702.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on URI shares. Truist Financial raised their target price on shares of United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price target 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. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of "Hold" and a consensus price target of $742.50.

United Rentals Stock Up 10.3 %

NYSE URI traded up $82.32 during trading on Wednesday, reaching $880.32. The company's stock had a trading volume of 1,629,678 shares, compared to its average volume of 548,721. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $57.77 billion, a PE ratio of 22.99, a PEG ratio of 1.84 and a beta of 1.68. The business has a 50-day moving average price of $783.42 and a 200-day moving average price of $715.89. United Rentals, Inc. has a 1-year low of $432.82 and a 1-year high of $888.62.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS 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 firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business earned $11.73 EPS. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts forecast that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company 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 $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Wednesday, November 13th. United Rentals's dividend payout ratio is 17.03%.

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.