United Rentals, Inc. (NYSE:URI) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,176 shares of the construction company's stock after purchasing an additional 2,024 shares during the period. Bank of Montreal Can owned 0.20% of United Rentals worth $104,348,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in United Rentals during the 3rd quarter valued at $31,000. RFP Financial Group LLC boosted its stake in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock valued at $27,000 after acquiring an additional 22 shares during the last quarter. Carmichael Hill & Associates Inc. increased its position 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 purchasing an additional 20 shares in the last quarter. HM Payson & Co. acquired a new position in United Rentals in the 3rd quarter valued at about $41,000. Finally, HHM Wealth Advisors LLC lifted its holdings in United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of United Rentals stock opened at $873.17 on Wednesday. The firm has a market cap of $57.30 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.03 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98. The firm's 50-day simple moving average is $821.86 and its 200-day simple moving average is $733.58. 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 released its earnings results 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 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%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $11.73 EPS. Equities analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.75%. United Rentals's payout ratio is currently 17.03%.

Wall Street Analyst Weigh In

URI has been the subject of a number of analyst reports. Truist Financial boosted their price objective on shares of United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. Bank of America lifted their price objective on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Robert W. Baird raised their price target on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a research note on Thursday, October 3rd. Finally, Argus upped their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $751.67.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company's stock.

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.

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