United Rentals, Inc. (NYSE:URI) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,060 shares of the construction company’s stock after buying an additional 215 shares during the period. D.A. Davidson & CO.’s holdings in United Rentals were worth $5,717,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in URI. International Assets Investment Management LLC increased its stake in United Rentals by 82,462.2% in the third 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 purchasing an additional 1,604,715 shares during the last quarter. AMF Tjanstepension AB lifted its position in shares of United Rentals by 77.7% during the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after buying an additional 199,810 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of United Rentals by 259.3% in the 2nd quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after buying an additional 108,360 shares in the last quarter. AGF Management Ltd. grew its position in shares of United Rentals by 4,778.7% in the 2nd quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock valued at $67,048,000 after buying an additional 101,547 shares during the last quarter. Finally, FMR LLC raised its stake in United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after acquiring an additional 85,325 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $856.98 on Thursday. The stock has a market capitalization of $56.24 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.03 and a beta of 1.68. The business’s 50 day moving average is $823.89 and its two-hundred day moving average is $734.81. United Rentals, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

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). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $11.73 EPS. Research analysts expect that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.63 dividend. 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 dividend payout ratio is presently 17.03%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on URI shares. Evercore ISI raised their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Truist Financial raised their price target on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Robert W. Baird lifted their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $751.67.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the company’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 $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.

About United Rentals

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.