PCJ Investment Counsel Ltd. Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

PCJ Investment Counsel Ltd. lifted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,970 shares of the construction company's stock after purchasing an additional 800 shares during the quarter. United Rentals comprises about 2.3% of PCJ Investment Counsel Ltd.'s investment portfolio, making the stock its 12th largest holding. PCJ Investment Counsel Ltd.'s holdings in United Rentals were worth $7,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Crewe Advisors LLC bought a new stake in shares of United Rentals during the 1st quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals during the 3rd quarter valued at about $31,000. RFP Financial Group LLC raised its position in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after acquiring an additional 22 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its stake in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Finally, HM Payson & Co. purchased a new position in United Rentals during the third quarter valued at $41,000. 96.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company's stock.

United Rentals Stock Up 0.0 %

NYSE URI traded up $0.11 during trading hours on Wednesday, reaching $821.27. 216,496 shares of the company traded hands, compared to its average volume of 545,638. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $454.71 and a 12 month high of $896.98. The company has a 50 day moving average of $812.18 and a two-hundred day moving average of $729.02. The stock has a market capitalization of $53.89 billion, a PE ratio of 21.52, a PEG ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $11.73 earnings per share. As a group, equities analysts expect that United Rentals, Inc. will post 43.55 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is 17.03%.

Analyst Upgrades and Downgrades

URI has been the subject of several recent analyst reports. Truist Financial boosted their target price on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Robert W. Baird boosted their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised 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. Barclays lifted their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Finally, Argus lifted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, United Rentals currently has an average rating of "Hold" and a consensus price target of $751.67.

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.