United Rentals, Inc. (NYSE:URI) Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel raised its holdings in United Rentals, Inc. (NYSE:URI) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,716 shares of the construction company’s stock after purchasing an additional 157 shares during the period. Carnegie Investment Counsel’s holdings in United Rentals were worth $10,367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. International Assets Investment Management LLC lifted its position in shares of United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after buying an additional 1,604,715 shares in the last quarter. Marshall Wace LLP raised its position in United Rentals by 259.3% during the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock worth $97,108,000 after acquiring an additional 108,360 shares during the period. JPMorgan Chase & Co. lifted its holdings in United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares in the last quarter. FMR LLC grew its position in shares of United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after purchasing an additional 85,325 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of United Rentals by 10.5% during the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after purchasing an additional 66,957 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

United Rentals Trading Up 2.2 %

Shares of URI stock opened at $758.03 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a twelve month low of $545.16 and a twelve month high of $896.98. The company’s 50-day moving average price is $782.94 and its 200-day moving average price is $759.89. The stock has a market cap of $49.74 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.46 and a beta of 1.69.

United Rentals (NYSE:URI) last posted its 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). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm earned $11.73 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.86%. United Rentals’s payout ratio is 17.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday. Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Truist Financial lowered their target price on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays upped their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. One 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $805.08.

United Rentals Company 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.