Plato Investment Management Ltd Purchases 717 Shares of United Rentals, Inc. (NYSE:URI)

Plato Investment Management Ltd grew its position in shares of United Rentals, Inc. (NYSE:URI) by 35.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,718 shares of the construction company’s stock after purchasing an additional 717 shares during the quarter. Plato Investment Management Ltd’s holdings in United Rentals were worth $2,199,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Concurrent Investment Advisors LLC boosted its stake in shares of United Rentals by 3.7% during the first quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock valued at $301,000 after purchasing an additional 15 shares during the period. Avantax Advisory Services Inc. increased its position in shares of United Rentals by 4.6% in the first quarter. Avantax Advisory Services Inc. now owns 4,142 shares of the construction company’s stock valued at $2,987,000 after acquiring an additional 182 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of United Rentals by 48.1% during the first quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock worth $2,256,000 after purchasing an additional 1,016 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in shares of United Rentals by 5.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 557 shares of the construction company’s stock worth $402,000 after purchasing an additional 30 shares during the last quarter. Finally, Great Lakes Retirement Inc. increased its holdings in United Rentals by 1.1% during the 1st quarter. Great Lakes Retirement Inc. now owns 14,917 shares of the construction company’s stock valued at $10,757,000 after purchasing an additional 168 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 0.8 %

Shares of United Rentals stock opened at $859.41 on Thursday. The company has a 50-day simple moving average of $800.97 and a two-hundred day simple moving average of $724.10. The stock has a market capitalization of $56.39 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98. 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) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share 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 analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the firm earned $11.73 earnings per share. United Rentals’s revenue was up 6.0% on a year-over-year basis. On average, analysts anticipate that United Rentals, Inc. will post 43.66 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.76%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on URI shares. Truist Financial lifted their price objective on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. 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 research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Evercore ISI lifted their price objective 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, The Goldman Sachs Group raised their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, United Rentals presently has an average rating of “Hold” and a consensus price target of $742.50.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction 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 sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.53% of the company’s stock.

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.