Swiss National Bank Has $160 Million Position in United Rentals, Inc. (NYSE:URI)

Swiss National Bank decreased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,600 shares of the construction company's stock after selling 1,300 shares during the quarter. Swiss National Bank owned 0.30% of United Rentals worth $160,003,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of URI. Crewe Advisors LLC bought a new position in United Rentals during the first quarter worth $27,000. RFP Financial Group LLC raised its position in United Rentals by 115.8% in the second 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. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals in the third quarter worth about $31,000. Carmichael Hill & Associates Inc. raised its holdings in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after buying an additional 20 shares during the period. Finally, HHM Wealth Advisors LLC raised its holdings in United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock worth $37,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the firm's 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 transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by company insiders.

United Rentals Price Performance

NYSE:URI traded down $3.06 during trading hours on Monday, reaching $832.94. The company had a trading volume of 460,694 shares, compared to its average volume of 547,519. The stock has a 50-day moving average of $809.84 and a two-hundred day moving average of $727.93. United Rentals, Inc. has a one year low of $454.71 and a one year high of $896.98. The firm has a market capitalization of $54.66 billion, a PE ratio of 21.75, a PEG ratio of 1.96 and a beta of 1.68. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.73 EPS. Analysts forecast that United Rentals, Inc. will post 43.55 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.78%. The ex-dividend date is Wednesday, November 13th. United Rentals's dividend payout ratio is 17.03%.

Analyst Ratings Changes

Several equities research analysts recently commented on URI shares. Evercore ISI boosted their price target on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Truist Financial upped their price target on 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 United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. 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 report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their target price on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $742.50.

About United Rentals

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.