United Rentals, Inc. (NYSE:URI) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 428.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,692 shares of the construction company's stock after acquiring an additional 1,372 shares during the period. XTX Topco Ltd's holdings in United Rentals were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. raised its stake in shares of United Rentals by 17.4% in the third quarter. iA Global Asset Management Inc. now owns 26,984 shares of the construction company's stock worth $21,850,000 after purchasing an additional 4,000 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in United Rentals by 17.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,697 shares of the construction company's stock worth $1,374,000 after buying an additional 254 shares during the period. Weiss Asset Management LP acquired a new position in United Rentals in the 3rd quarter worth approximately $3,675,000. SageView Advisory Group LLC raised its position in United Rentals by 8.6% during the 3rd quarter. SageView Advisory Group LLC now owns 682 shares of the construction company's stock worth $552,000 after buying an additional 54 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in United Rentals by 76.3% during the 3rd quarter. Quantinno Capital Management LP now owns 7,509 shares of the construction company's stock valued at $6,080,000 after acquiring an additional 3,250 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

URI stock traded down $23.03 during trading on Monday, hitting $835.89. The stock had a trading volume of 452,829 shares, compared to its average volume of 543,430. United Rentals, Inc. has a twelve month low of $491.60 and a twelve month high of $896.98. The company's 50-day moving average price is $834.75 and its two-hundred day moving average price is $745.44. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market capitalization of $54.85 billion, a P/E ratio of 21.83, a PEG ratio of 2.01 and a beta of 1.66.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the firm earned $11.73 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is 17.03%.

Insider Transactions 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 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 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 is accessible through this link. Insiders own 0.53% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on URI shares. Bank of America raised their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Barclays lifted their price objective on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Truist Financial upped their target price on United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Evercore ISI lifted their price target on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Finally, Citigroup boosted their price target on United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a report on Monday. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, United Rentals has an average rating of "Hold" and an average target price of $770.00.

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.