United Rentals, Inc. (NYSE:URI) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,385 shares of the construction company's stock after purchasing an additional 462 shares during the quarter. Pacer Advisors Inc.'s holdings in United Rentals were worth $3,793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Union Bancaire Privee UBP SA purchased a new stake in shares of United Rentals in the fourth quarter worth about $16,253,000. Blue Trust Inc. lifted its holdings in United Rentals by 21.2% in the fourth quarter. Blue Trust Inc. now owns 1,098 shares of the construction company's stock valued at $773,000 after acquiring an additional 192 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in United Rentals in the 4th quarter worth approximately $368,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of United Rentals by 65.4% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 541 shares of the construction company's stock worth $381,000 after purchasing an additional 214 shares during the period. Finally, Patton Albertson Miller Group LLC grew its stake in shares of United Rentals by 0.6% during the 4th quarter. Patton Albertson Miller Group LLC now owns 14,842 shares of the construction company's stock worth $10,455,000 after purchasing an additional 83 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URI. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Bank of America increased their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Truist Financial restated a "buy" rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday. JPMorgan Chase & Co. increased their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Argus boosted their price objective on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given 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 $818.55.

United Rentals Price Performance

NYSE URI traded down $17.30 during mid-day trading on Friday, hitting $756.78. The stock had a trading volume of 951,375 shares, compared to its average volume of 730,124. The firm's 50 day moving average is $764.73 and its 200 day moving average is $769.09. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market capitalization of $49.66 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.68 and a beta of 1.69. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.51% and a net margin of 16.78%. Equities research analysts forecast that United Rentals, Inc. will post 46.06 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals's payout ratio is currently 16.83%.

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.