Park Avenue Securities LLC Has $1.22 Million Holdings in United Rentals, Inc. (NYSE:URI)

Park Avenue Securities LLC lifted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 30.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,730 shares of the construction company's stock after purchasing an additional 401 shares during the quarter. Park Avenue Securities LLC's holdings in United Rentals were worth $1,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in United Rentals by 11.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company's stock worth $7,492,000 after purchasing an additional 964 shares during the period. Retireful LLC bought a new position in shares of United Rentals during the 3rd quarter worth approximately $697,000. Mizuho Securities USA LLC boosted its stake in United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company's stock valued at $48,486,000 after buying an additional 54,750 shares in the last quarter. Fiduciary Alliance LLC grew its position in United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock valued at $1,000,000 after acquiring an additional 941 shares during the period. Finally, XTX Topco Ltd raised its stake in United Rentals by 428.8% during the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company's stock worth $1,370,000 after acquiring an additional 1,372 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction that occurred on 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 owns 2,044 shares of the company's stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.49% of the company's stock.

United Rentals Stock Up 1.8 %

Shares of United Rentals stock traded up $13.39 during trading on Monday, reaching $770.81. The stock had a trading volume of 897,099 shares, compared to its average volume of 466,512. 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 company has a market capitalization of $50.58 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a 52 week low of $553.22 and a 52 week high of $896.98. The stock has a fifty day moving average price of $778.79 and a two-hundred day moving average price of $762.34.

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 business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $11.73 earnings per share. Sell-side analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.85%. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on URI. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Bank of America boosted their target price on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Argus lifted 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. Truist Financial reduced their price target on shares of United Rentals from $965.00 to $963.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $805.08.

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.