Taikang Asset Management Hong Kong Co Ltd grew its position in United Rentals, Inc. (NYSE:URI – Free Report) by 33.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,433 shares of the construction company’s stock after purchasing an additional 3,082 shares during the quarter. United Rentals accounts for approximately 1.0% of Taikang Asset Management Hong Kong Co Ltd’s investment portfolio, making the stock its 29th biggest holding. Taikang Asset Management Hong Kong Co Ltd’s holdings in United Rentals were worth $10,062,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aventura Private Wealth LLC bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new position in United Rentals in the 4th quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new position in United Rentals in the 4th quarter valued at approximately $32,000. Laurel Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth $32,000. Finally, Fortitude Family Office LLC raised its stake in shares of United Rentals by 121.1% in the fourth quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock worth $34,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on URI shares. Barclays upped their price target on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Raymond James Financial reissued an “outperform” rating and issued a $1,275.00 target price on shares of United Rentals in a research report on Wednesday, June 10th. Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. Finally, Citigroup lifted their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,045.81.
Insider Buying and Selling at United Rentals
In other news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the transaction, the executive vice president owned 14,774 shares in the company, valued at $14,227,362. This represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock worth $25,628,877 over the last 90 days. 0.47% of the stock is owned by company insiders.
United Rentals Stock Performance
URI stock opened at $1,070.14 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a 1 year low of $685.04 and a 1 year high of $1,106.88. The company has a market cap of $67.04 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.81. The stock’s fifty day moving average price is $934.20 and its 200-day moving average price is $866.30.
United Rentals (NYSE:URI – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the company posted $8.86 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that United Rentals, Inc. will post 47.26 earnings per share for the current year.
United Rentals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio is presently 20.10%.
United Rentals Company Profile
United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.
The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.
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