Oak Ridge Investments LLC boosted its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,423 shares of the construction company's stock after purchasing an additional 466 shares during the period. Oak Ridge Investments LLC's holdings in United Rentals were worth $5,229,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of United Rentals by 15.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,089 shares of the construction company's stock worth $704,000 after purchasing an additional 145 shares in the last quarter. XTX Topco Ltd acquired a new stake in United Rentals in the 2nd quarter valued at $207,000. Brighton Jones LLC bought a new stake in United Rentals during the 2nd quarter worth about $271,000. Ieq Capital LLC grew its holdings in shares of United Rentals by 7.3% in the 2nd quarter. Ieq Capital LLC now owns 3,573 shares of the construction company's stock valued at $2,311,000 after acquiring an additional 242 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of United Rentals by 3.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,038 shares of the construction company's stock valued at $2,612,000 after acquiring an additional 118 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.
In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business'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 transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company's stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on URI shares. JPMorgan Chase & Co. raised 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. Citigroup decreased their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Barclays upped their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Truist Financial reduced their price target on United Rentals from $965.00 to $963.00 and set a "buy" rating for the company in a report on Thursday. Finally, Argus upped their price objective on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $805.08.
View Our Latest Analysis on United Rentals
Shares of United Rentals stock opened at $770.81 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12-month low of $553.22 and a 12-month high of $896.98. The company has a market capitalization of $50.58 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69. The firm's 50-day moving average price is $778.79 and its two-hundred day moving average price is $761.58.
United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the business posted $11.73 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals's payout ratio is 17.03%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider United Rentals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Rentals wasn't on the list.
While United Rentals currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.