United Rentals, Inc. (NYSE:URI) Shares Purchased by National Pension Service

Key Points

• The National Pension Service increased its stake in United Rentals, Inc. by 14.6%, owning approximately $120.6 million worth of shares after acquiring an additional 24,557 shares.
• Several hedge funds have significantly increased their positions in United Rentals, with GAMMA Investing LLC raising its holdings by an astonishing 77,674.5% during the first quarter.
• Wall Street analysts have raised their price targets for United Rentals, with Truist Financial setting a new target of $952.00 and Morgan Stanley raising theirs to $955.00, reflecting positive growth expectations for the company.

National Pension Service increased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 14.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,370 shares of the construction company's stock after purchasing an additional 24,557 shares during the quarter. National Pension Service owned approximately 0.30% of United Rentals worth $120,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Townsquare Capital LLC lifted its holdings in United Rentals by 17.9% in the fourth quarter. Townsquare Capital LLC now owns 2,809 shares of the construction company's stock worth $1,979,000 after buying an additional 426 shares during the period. Sagespring Wealth Partners LLC purchased a new stake in United Rentals in the fourth quarter worth about $331,000. CreativeOne Wealth LLC lifted its holdings in United Rentals by 16.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,251 shares of the construction company's stock worth $1,586,000 after buying an additional 318 shares during the period. Jump Financial LLC lifted its holdings in United Rentals by 3,176.8% in the fourth quarter. Jump Financial LLC now owns 13,828 shares of the construction company's stock worth $9,741,000 after buying an additional 13,406 shares during the period. Finally, Stenger Family Office LLC purchased a new stake in United Rentals in the fourth quarter worth about $1,257,000. 96.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Robert W. Baird raised their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock 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. KeyCorp lifted their target price on shares of United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Barclays raised their price objective on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Finally, Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $834.64.

United Rentals Stock Performance

Shares of United Rentals stock traded down $11.14 during trading hours on Friday, reaching $910.31. 372,708 shares of the stock traded hands, compared to its average volume of 626,014. United Rentals, Inc. has a one year low of $525.91 and a one year high of $933.32. The company has a 50 day moving average price of $801.52 and a 200 day moving average price of $708.49. 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 firm has a market capitalization of $58.57 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 2.13 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 (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $10.70 EPS. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

United Rentals 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.