Mizuho Securities USA LLC Has $4.38 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Mizuho Securities USA LLC boosted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 44.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,219 shares of the construction company's stock after acquiring an additional 1,901 shares during the quarter. Mizuho Securities USA LLC's holdings in United Rentals were worth $4,381,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in URI. GHP Investment Advisors Inc. grew its stake in shares of United Rentals by 6.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock valued at $10,464,000 after purchasing an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in United Rentals by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after buying an additional 6,787 shares in the last quarter. Fiduciary Alliance LLC boosted its position in United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock valued at $1,000,000 after buying an additional 941 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at $649,000. Finally, Nordea Investment Management AB raised its position in shares of United Rentals by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock worth $517,018,000 after acquiring an additional 52,037 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

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Insider Activity

In related news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on URI shares. Truist Financial reiterated a "buy" rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Citigroup reduced their target price on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and lowered their target price for the stock from $705.00 to $666.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and an average price target of $804.15.

United Rentals Trading Up 1.0 %

Shares of URI traded up $6.78 during trading hours on Tuesday, reaching $653.86. The stock had a trading volume of 292,279 shares, compared to its average volume of 547,776. The firm has a 50-day moving average of $695.59 and a 200 day moving average of $756.81. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company has a market cap of $42.70 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.10%. This is a positive change from United Rentals's previous quarterly dividend of $1.63. United Rentals's payout ratio is presently 18.48%.

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.