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United Rentals, Inc. (NYSE:URI) Shares Bought by Fiduciary Alliance LLC

United Rentals logo with Construction background

Fiduciary Alliance LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 196.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,420 shares of the construction company's stock after purchasing an additional 941 shares during the quarter. Fiduciary Alliance LLC's holdings in United Rentals were worth $1,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in URI. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company's stock worth $7,492,000 after purchasing an additional 964 shares during the last quarter. Retireful LLC purchased a new stake in United Rentals in the third quarter valued at $697,000. Mizuho Securities USA LLC grew its position in United Rentals by 1,067.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company's stock worth $48,486,000 after purchasing an additional 54,750 shares during the period. XTX Topco Ltd raised its stake in shares of United Rentals by 428.8% during the 3rd quarter. XTX Topco Ltd now owns 1,692 shares of the construction company's stock valued at $1,370,000 after buying an additional 1,372 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock valued at $517,018,000 after buying an additional 52,037 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of NYSE URI traded up $40.45 during mid-day trading on Tuesday, reaching $729.60. The company's stock had a trading volume of 942,153 shares, compared to its average volume of 718,555. The stock has a 50-day moving average of $787.08 and a two-hundred day moving average of $759.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market capitalization of $47.88 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.83 and a beta of 1.69. United Rentals, Inc. has a 1-year low of $545.16 and a 1-year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released 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 business had revenue of $3.99 billion during the quarter, compared to analyst estimates 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 in the previous year, the company posted $11.73 EPS. On average, equities research analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.89%. United Rentals's payout ratio is 17.03%.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. Truist Financial lifted their price target on United Rentals from $955.00 to $965.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Citigroup cut their price target on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research note on Tuesday. Barclays increased their price target on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research report on Friday, October 25th. Finally, Bank of America raised their price objective on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and an average price target of $805.25.

View Our Latest Stock Analysis on URI

Insider Activity

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated 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 sale, the senior vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.53% of the company's stock.

About United Rentals

(Free Report)

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.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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