United Rentals, Inc. (NYSE:URI) Shares Purchased by Mather Group LLC.

Mather Group LLC. boosted its holdings in United Rentals, Inc. (NYSE:URI) by 1.6% during the third quarter, HoldingsChannel reports. The fund owned 1,021 shares of the construction company’s stock after buying an additional 16 shares during the period. Mather Group LLC.’s holdings in United Rentals were worth $827,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in URI. Capital International Investors acquired a new position in United Rentals in the first quarter valued at approximately $332,349,000. AMF Tjanstepension AB lifted its holdings in United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after acquiring an additional 199,810 shares during the last quarter. Marshall Wace LLP lifted its holdings in United Rentals by 259.3% in the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after acquiring an additional 108,360 shares during the last quarter. AGF Management Ltd. lifted its holdings in United Rentals by 4,778.7% in the second quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock valued at $67,048,000 after acquiring an additional 101,547 shares during the last quarter. Finally, Heritage Wealth Advisors lifted its holdings in United Rentals by 15,100.8% in the first quarter. Heritage Wealth Advisors now owns 100,781 shares of the construction company’s stock valued at $72,674,000 after acquiring an additional 100,118 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

URI has been the topic of a number of research reports. Raymond James initiated coverage on United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock. Robert W. Baird upped their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Citigroup upped their price target on United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Truist Financial upped their price target on United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $714.92.

United Rentals Stock Up 1.7 %

Shares of NYSE URI opened at $813.51 on Thursday. The stock has a market cap of $54.17 billion, a P/E ratio of 22.03, a PEG ratio of 1.83 and a beta of 1.68. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $826.24. The business’s fifty day simple moving average is $739.53 and its 200-day simple moving average is $697.83.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $9.88 earnings per share. As a group, equities analysts predict that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Activity at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate 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.