2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company boosted its holdings in shares of United Rentals, Inc. ( NYSE:URI – Free Report ) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 637,188 shares of the construction company’s stock after acquiring an additional 27,708 shares during the period. The Manufacturers Life Insurance Company owned about 0.96% of United Rentals worth $412,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. First Financial Corp IN purchased a new stake in shares of United Rentals during the 1st quarter valued at $25,000. Crewe Advisors LLC acquired a new position in United Rentals during the 1st quarter valued at about $27,000.
RFP Financial Group LLC raised its stake in United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the last quarter.
Rise Advisors LLC acquired a new stake in United Rentals in the first quarter worth about $28,000. Finally, Riverview Trust Co purchased a new stake in shares of United Rentals during the first quarter worth about $31,000. 96.
26% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Several brokerages recently commented on URI. Evercore ISI increased their price objective on shares of United Rentals from $774.
00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. The Goldman Sachs Group upped their price target on shares of United Rentals from $790.
00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co.
lifted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday.
Truist Financial boosted their price objective on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a report on Friday, July 26th.
Finally, Citigroup started coverage on United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price for the company.
Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, United Rentals currently has an average rating of “Hold” and an average target price of $687.
46. United Rentals Stock Performance NYSE URI opened at $803.41 on Friday.
United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $826.
24. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.
76 and a current ratio of 0.81. The firm has a market capitalization of $53.
14 billion, a P/E ratio of 21.76, a PEG ratio of 1.86 and a beta of 1.
68. The stock has a 50-day simple moving average of $728.36 and a two-hundred day simple moving average of $690.
60. United Rentals ( NYSE:URI – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.
70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22.
The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion.
United Rentals had a return on equity of 35.87% and a net margin of 17.35%.
United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $9.
88 earnings per share. On average, equities analysts forecast that United Rentals, Inc. will post 44.
39 earnings per share for the current year. United Rentals Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a $1.
63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.
52 dividend on an annualized basis and a yield of 0.81%. United Rentals’s payout ratio is 17.
66%. Insiders Place Their Bets In related news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction dated Friday, August 2nd.
The stock was sold at an average price of $690.00, for a total value of $248,400.00.
Following the completion of the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Insiders own 0.
53% of the company’s stock. United Rentals Company Profile ( Free Report ) 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. Read More Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter .
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