Plato Investment Management Ltd Acquires 717 Shares of United Rentals, Inc. (NYSE:URI)

Plato Investment Management Ltd boosted its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 35.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,718 shares of the construction company's stock after purchasing an additional 717 shares during the period. Plato Investment Management Ltd's holdings in United Rentals were worth $2,199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock worth $1,300,962,000 after buying an additional 1,604,715 shares during the last quarter. Capital International Investors acquired a new stake in shares of United Rentals in the 1st quarter valued at $332,349,000. AMF Tjanstepension AB lifted its stake in shares of United Rentals by 77.7% in the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company's stock valued at $295,626,000 after purchasing an additional 199,810 shares during the last quarter. Marshall Wace LLP boosted its holdings in United Rentals by 259.3% in the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company's stock worth $97,108,000 after purchasing an additional 108,360 shares in the last quarter. Finally, AGF Management Ltd. increased its position in United Rentals by 4,778.7% during the second quarter. AGF Management Ltd. now owns 103,672 shares of the construction company's stock worth $67,048,000 after buying an additional 101,547 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Rentals

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 completion of the transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.53% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on URI shares. The Goldman Sachs Group upped their price target on United Rentals from $790.00 to $905.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Truist Financial lifted 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. Citigroup upped their price target on shares of United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. Evercore ISI lifted their price objective on United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Finally, Bank of America increased their target price on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Three equities research 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, United Rentals presently has an average rating of "Hold" and a consensus target price of $742.50.

United Rentals Price Performance

NYSE URI traded down $9.23 on Thursday, reaching $849.60. The company's stock had a trading volume of 624,933 shares, compared to its average volume of 547,578. United Rentals, Inc. has a 52 week low of $454.71 and a 52 week high of $896.98. 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 firm has a market cap of $55.75 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.68. The business has a 50-day moving average price of $804.01 and a 200 day moving average price of $724.97.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share 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 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 company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.73 earnings per share. Sell-side analysts expect that United Rentals, Inc. will post 43.66 EPS for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. 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 0.77%. United Rentals's payout ratio is presently 17.03%.

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.