Relyea Zuckerberg Hanson LLC Takes $347,000 Position in United Rentals, Inc. (NYSE:URI)

Relyea Zuckerberg Hanson LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 492 shares of the construction company's stock, valued at approximately $347,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after purchasing an additional 85,325 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of 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 valued at $1,300,962,000 after buying an additional 1,604,715 shares during the period. Geode Capital Management LLC boosted its position in United Rentals by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock worth $1,264,326,000 after purchasing an additional 9,256 shares during the period. Franklin Resources Inc. raised its holdings in United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock valued at $862,110,000 after acquiring an additional 57,002 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after purchasing an additional 105,287 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on URI shares. Bank of America raised their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. Truist Financial reduced their price target on United Rentals from $965.00 to $963.00 and set a "buy" rating on the stock in a research note on Thursday. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, Argus lifted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $805.08.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company's stock.

United Rentals Stock Performance

URI stock traded up $13.39 during midday trading on Friday, reaching $770.81. The stock had a trading volume of 897,099 shares, compared to its average volume of 466,512. The firm has a fifty day simple moving average of $778.79 and a two-hundred day simple moving average of $760.78. The stock has a market cap of $50.58 billion, a PE 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 company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results 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). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company earned $11.73 earnings per share. The company's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

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

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.