Unigestion Holding SA Buys New Position in United Rentals, Inc. (NYSE:URI)

Unigestion Holding SA bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 699 shares of the construction company's stock, valued at approximately $566,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. RFP Financial Group LLC raised its position in shares of United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock valued at $27,000 after buying an additional 22 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals in the third quarter valued at $31,000. Carmichael Hill & Associates Inc. lifted its stake in shares of United Rentals by 80.0% in 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. HHM Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 42 shares during the period. Finally, HM Payson & Co. purchased a new position in shares of United Rentals during the 3rd quarter worth $41,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 1.3 %

Shares of URI stock traded down $10.67 during trading hours on Thursday, reaching $786.30. 412,255 shares of the stock were exchanged, compared to its average volume of 544,702. The business's fifty day moving average is $834.50 and its two-hundred day moving average is $746.93. The firm has a market capitalization of $51.60 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.01 and a beta of 1.66. United Rentals, Inc. has a 12-month low of $504.65 and a 12-month high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analysts' expectations 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 period in the prior year, the company posted $11.73 earnings per share. As a group, research analysts expect that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio is presently 17.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Argus upped their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Evercore ISI increased their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Citigroup boosted their target price on United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a research report on Monday. JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Finally, Truist Financial lifted their price objective on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $770.00.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

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.