Nomura Holdings Inc. Invests $1.52 Million in United Rentals, Inc. (NYSE:URI)

Nomura Holdings Inc. bought a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,157 shares of the construction company's stock, valued at approximately $1,519,000.

Several other institutional investors also recently bought and sold shares of the stock. Rialto Wealth Management LLC purchased a new position in shares of United Rentals during the fourth quarter valued at about $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals in the fourth quarter worth about $27,000. Meeder Asset Management Inc. boosted its stake in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares during the last quarter. Hanson & Doremus Investment Management purchased a new position in United Rentals during the 4th quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC purchased a new position in United Rentals during the 4th quarter valued at approximately $34,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Down 0.7%

URI traded down $5.24 on Friday, reaching $698.43. 90,954 shares of the company traded hands, compared to its average volume of 600,652. The company has a market cap of $45.40 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The firm has a fifty day simple moving average of $634.56 and a two-hundred day simple moving average of $708.40.

United Rentals (NYSE:URI - Get Free Report) last posted 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 net margin of 16.78% and a return on equity of 34.21%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm posted $9.15 EPS. The business's revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 1.03%. United Rentals's payout ratio is currently 18.54%.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 2,908 shares of company stock valued at $1,890,567 over the last three months. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on URI shares. Robert W. Baird increased their target price on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Citigroup decreased their price target on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Truist Financial lifted their price objective on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Bank of America lowered their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $757.38.

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.