State Street Corp Has $2.51 Billion Stock Holdings in United Rentals, Inc. (NYSE:URI)

State Street Corp decreased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,104,930 shares of the construction company's stock after selling 65,291 shares during the quarter. State Street Corp owned approximately 4.73% of United Rentals worth $2,514,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after buying an additional 85,325 shares during the last quarter. International Assets Investment Management LLC increased its position in United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after acquiring an additional 1,604,715 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock worth $570,167,000 after acquiring an additional 66,957 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of United Rentals by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 438,427 shares of the construction company's stock worth $355,007,000 after purchasing an additional 5,325 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of United Rentals by 5.7% during the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company's stock valued at $247,001,000 after purchasing an additional 20,481 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Up 0.5 %

United Rentals stock traded up $4.31 during mid-day trading on Friday, hitting $859.30. 777,497 shares of the company's stock were exchanged, compared to its average volume of 543,773. United Rentals, Inc. has a fifty-two week low of $475.52 and a fifty-two week high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $56.39 billion, a P/E ratio of 22.40, a PEG ratio of 2.04 and a beta of 1.66. The company's 50 day simple moving average is $833.32 and its 200-day simple moving average is $742.38.

United Rentals (NYSE:URI - Get Free Report) last released 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). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the firm earned $11.73 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.76%. United Rentals's payout ratio is 17.03%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Robert W. Baird boosted their target price on United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a research report on Thursday, October 3rd. Citigroup raised their price target on United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. Barclays lifted their price objective 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, 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. Three investment 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. Based on data from MarketBeat, United Rentals has a consensus rating of "Hold" and a consensus target price of $767.86.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business'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 in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by 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.