Fifth Third Wealth Advisors LLC boosted its position in United Rentals, Inc. (NYSE:URI – Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 776 shares of the construction company’s stock after purchasing an additional 19 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in United Rentals were worth $547,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of United Rentals by 11.7% in 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 buying an additional 964 shares in the last quarter. Retireful LLC bought a new stake in United Rentals in the third quarter worth about $697,000. Mizuho Securities USA LLC lifted its holdings in United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after acquiring an additional 54,750 shares during the last quarter. XTX Topco Ltd boosted its position in shares of United Rentals by 428.8% during the 3rd quarter. XTX Topco Ltd now owns 1,692 shares of the construction company’s stock valued at $1,370,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after purchasing an additional 52,037 shares during the last quarter. 96.26% of the stock is owned by institutional investors.
United Rentals Stock Performance
Shares of URI opened at $758.03 on Friday. The company has a market capitalization of $49.74 billion, a PE ratio of 19.80, a PEG ratio of 1.46 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The company’s 50 day moving average price is $782.94 and its 200 day moving average price is $759.89. United Rentals, Inc. has a 52 week low of $545.16 and a 52 week high of $896.98.
United Rentals Announces Dividend
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 dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.
Wall Street Analyst Weigh In
Several analysts recently commented on URI shares. Citigroup cut their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday. Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Bank of America boosted their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Truist Financial reduced their price objective on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $805.08.
Get Our Latest Report on United Rentals
Insider Transactions at United Rentals
In related news, SVP Anthony S. Leopold sold 900 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.49% 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.
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