Aljian Capital Management LLC Buys Shares of 258 United Rentals, Inc. (NYSE:URI)

Aljian Capital Management LLC purchased a new position in United Rentals, Inc. (NYSE:URI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 258 shares of the construction company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also bought and sold shares of URI. Adero Partners LLC purchased a new position in United Rentals in the third quarter worth $239,000. Schear Investment Advisers LLC lifted its holdings in shares of United Rentals by 17.8% during the third quarter. Schear Investment Advisers LLC now owns 1,668 shares of the construction company’s stock worth $1,351,000 after purchasing an additional 252 shares during the period. Natixis Advisors LLC boosted its holdings in shares of United Rentals by 0.9% in the 3rd quarter. Natixis Advisors LLC now owns 63,256 shares of the construction company’s stock valued at $51,220,000 after acquiring an additional 538 shares during the last quarter. Mizuho Securities USA LLC grew its position in United Rentals by 1,067.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after purchasing an additional 54,750 shares during the period. Finally, KCM Investment Advisors LLC acquired a new stake in United Rentals during the third quarter worth about $201,000. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction 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. This represents a 30.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on URI. Evercore ISI lifted their price target on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Robert W. Baird boosted their price target on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Truist Financial increased their price target on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, 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 research report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $742.50.

United Rentals Price Performance

Shares of NYSE URI opened at $832.94 on Tuesday. United Rentals, Inc. has a 1-year low of $454.71 and a 1-year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a fifty day moving average price of $809.84 and a 200 day moving average price of $727.93. The company has a market cap of $54.66 billion, a PE ratio of 21.75, a P/E/G ratio of 1.96 and a beta of 1.68.

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 business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the company earned $11.73 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts forecast that United Rentals, Inc. will post 43.55 EPS for the current year.

United Rentals Dividend Announcement

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 dividend of $1.63 per share. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.78%. United Rentals’s dividend payout ratio is presently 17.03%.

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.