MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in United Rentals, Inc. (NYSE:URI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 404,301 shares of the construction company’s stock after buying an additional 21,968 shares during the quarter. United Rentals accounts for approximately 0.6% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings, making the stock its 25th biggest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.62% of United Rentals worth $284,806,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at about $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals during the 4th quarter valued at about $27,000. Meeder Asset Management Inc. grew its holdings in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after purchasing an additional 29 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in United Rentals during the 4th quarter valued at about $33,000. Finally, Kestra Investment Management LLC bought a new position in United Rentals during the 4th quarter valued at about $34,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the sale, the executive vice president now owns 8,748 shares of the company’s stock, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

Shares of URI opened at $672.53 on Monday. The company has a 50 day moving average price of $616.74 and a 200-day moving average price of $712.90. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The stock has a market capitalization of $43.71 billion, a PE ratio of 17.36, a PEG ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the company posted $9.15 EPS. United Rentals’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.06%. United Rentals’s payout ratio is 18.54%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on URI. Robert W. Baird upped their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Cfra Research upgraded shares of United Rentals to a “strong-buy” rating in a report on Friday, April 25th. Evercore ISI cut their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Truist Financial upped their price target on shares of United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a report on Friday, April 25th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and cut their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $725.69.

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.