Mizuho Securities USA LLC Reduces Holdings in United Rentals, Inc. (NYSE:URI)

Key Points

• Mizuho Securities USA LLC has reduced its holdings in United Rentals, Inc. by 15.9%, now owning 5,229 shares valued at approximately $3.27 million as of the latest SEC filing.
• United Rentals reported $10.47 earnings per share for the most recent quarter, slightly missing analysts' expectations, while its revenue was up 4.5% year-over-year at $3.94 billion.
• The company recently declared a quarterly dividend of $1.79, with a yield of 0.8% and a payout ratio of 18.52%.

Mizuho Securities USA LLC lowered its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 15.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,229 shares of the construction company's stock after selling 990 shares during the period. Mizuho Securities USA LLC's holdings in United Rentals were worth $3,277,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in URI. TruNorth Capital Management LLC grew its position in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after buying an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of United Rentals during the first quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after buying an additional 20 shares in the last quarter. Grove Bank & Trust acquired a new stake in shares of United Rentals during the first quarter worth approximately $36,000. Finally, NBC Securities Inc. acquired a new stake in shares of United Rentals during the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of NYSE URI opened at $858.99 on Monday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $903.60. The firm's 50-day simple moving average is $780.39 and its 200 day simple moving average is $702.84. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock has a market cap of $55.27 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.98 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the firm earned $10.70 earnings per share. United Rentals's revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on URI shares. Evercore ISI decreased their price target on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. The Goldman Sachs Group lifted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. UBS Group lifted their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a report on Friday, June 13th. Finally, Barclays lifted their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $830.71.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.