Dai ichi Life Insurance Company Ltd Has $13.07 Million Stake in United Rentals, Inc. (NYSE:URI)

Dai ichi Life Insurance Company Ltd lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,144 shares of the construction company’s stock after purchasing an additional 172 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in United Rentals were worth $13,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after purchasing an additional 66,957 shares during the last quarter. Bank of Montreal Can grew its holdings in United Rentals by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 128,176 shares of the construction company’s stock valued at $104,348,000 after buying an additional 2,024 shares during the last quarter. Hancock Whitney Corp grew its holdings in United Rentals by 0.9% in the 3rd quarter. Hancock Whitney Corp now owns 1,733 shares of the construction company’s stock valued at $1,403,000 after buying an additional 16 shares during the last quarter. DRW Securities LLC bought a new position in United Rentals in the 3rd quarter worth approximately $512,000. Finally, Independent Advisor Alliance lifted its holdings in shares of United Rentals by 5.6% during the third quarter. Independent Advisor Alliance now owns 8,604 shares of the construction company’s stock worth $6,967,000 after buying an additional 454 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 1.8 %

NYSE:URI opened at $864.39 on Tuesday. The company has a market cap of $56.72 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $454.71 and a twelve month high of $896.98. The business has a 50 day moving average price of $821.86 and a two-hundred day moving average price of $733.58. 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 (NYSE:URI) last posted its quarterly earnings results 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 analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $11.73 EPS. As a group, analysts expect that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.75%. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Insiders Place Their Bets

In other 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 transaction, the senior vice president now owns 2,044 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Evercore ISI boosted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Citigroup raised their price objective on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Truist Financial boosted their price objective on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays raised their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $751.67.

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.