United Rentals, Inc. (NYSE:URI) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,141 shares of the construction company’s stock after acquiring an additional 237 shares during the quarter. GAMMA Investing LLC’s holdings in United Rentals were worth $804,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of United Rentals by 11.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after purchasing an additional 964 shares during the period. Retireful LLC bought a new position in United Rentals during the 3rd quarter worth $697,000. Mizuho Securities USA LLC increased its position in United Rentals by 1,067.5% in the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after buying an additional 54,750 shares during the period. XTX Topco Ltd lifted its stake in United Rentals by 428.8% in the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company’s stock valued at $1,370,000 after buying an additional 1,372 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of United Rentals by 2.8% during the third quarter. Fisher Asset Management LLC now owns 43,650 shares of the construction company’s stock valued at $35,346,000 after acquiring an additional 1,200 shares during the period. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on URI. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Robert W. Baird increased their price objective on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Argus raised their target price on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Citigroup boosted their price target on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Truist Financial raised their price target on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $770.71.

United Rentals Stock Performance

Shares of URI opened at $695.31 on Friday. United Rentals, Inc. has a 12-month low of $533.70 and a 12-month high of $896.98. The stock has a market capitalization of $45.63 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.83 and a beta of 1.66. The firm’s 50 day moving average is $802.52 and its 200-day moving average is $756.87. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals (NYSE:URI) 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). The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $11.73 earnings per share. Equities research analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

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.