United Rentals, Inc. (NYSE:URI) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in United Rentals, Inc. (NYSE:URI - Free Report) by 43.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,304 shares of the construction company's stock after selling 35,235 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.07% of United Rentals worth $36,684,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. RFP Financial Group LLC increased its position in United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after buying an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals during the third quarter worth $31,000. Carmichael Hill & Associates Inc. increased its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after buying an additional 20 shares in the last quarter. HHM Wealth Advisors LLC increased its position in United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock worth $37,000 after buying an additional 42 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in United Rentals during the third quarter worth $41,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Up 1.0 %

Shares of NYSE URI traded up $8.58 during midday trading on Friday, reaching $849.32. 465,633 shares of the company's stock were exchanged, compared to its average volume of 582,246. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98. The stock has a market capitalization of $55.73 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.97 and a beta of 1.68. 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 business's fifty day moving average price is $819.40 and its two-hundred day moving average price is $731.57.

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

United Rentals Announces Dividend

The company also recently disclosed 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 0.77%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio is currently 17.03%.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals 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 completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. Barclays raised 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. Truist Financial raised their price objective on United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. The Goldman Sachs Group raised their price objective on United Rentals from $790.00 to $905.00 and gave the stock a "buy" rating in a report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. Finally, Bank of America raised their price objective on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $751.67.

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.