United Rentals, Inc. (NYSE:URI) Shares Acquired by Mirabaud & Cie SA

Key Points

• Mirabaud & Cie SA increased its stake in United Rentals, Inc. by 83.8%, acquiring an additional 2,010 shares, bringing its total holdings to 4,410 shares worth approximately $2.76 million.
• Institutional investors collectively own 96.26% of United Rentals stock, with notable activity from Huntington National Bank, which raised its holdings by 8.8% in the last quarter.
• United Rentals announced a quarterly dividend of $1.79, with an annualized yield of 0.8%, and reported $10.47 EPS in its latest earnings release, missing estimates by $0.07.

Mirabaud & Cie SA raised its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 83.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,410 shares of the construction company's stock after purchasing an additional 2,010 shares during the period. United Rentals accounts for 0.9% of Mirabaud & Cie SA's holdings, making the stock its 26th biggest holding. Mirabaud & Cie SA's holdings in United Rentals were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Forum Financial Management LP boosted its holdings in United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after purchasing an additional 14 shares during the period. Centaurus Financial Inc. increased its position in United Rentals by 1.7% during the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after purchasing an additional 17 shares during the period. Leavell Investment Management Inc. lifted its holdings in United Rentals by 3.6% in the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after buying an additional 18 shares during the period. Baer Investment Advisory LLC boosted its holdings in shares of United Rentals by 0.6% during the 1st quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock valued at $2,007,000 after buying an additional 18 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in shares of United Rentals by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after buying an additional 19 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president owned 1,921 shares of the company's stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.51% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Evercore ISI reduced their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Truist Financial upped their target price on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research note on Friday, June 13th. UBS Group upped their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Citigroup reissued a "buy" rating and set a $810.00 target price (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $830.71.

United Rentals Trading Down 0.4%

Shares of NYSE:URI traded down $3.61 during trading on Wednesday, reaching $863.47. 226,971 shares of the stock were exchanged, compared to its average volume of 659,767. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $903.60. The firm's 50-day moving average price is $771.56 and its 200 day moving average price is $701.80. The firm has a market cap of $55.56 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.01 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.70 earnings per share. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is 18.52%.

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.