Mirae Asset Global Investments Co. Ltd. Has $7.04 Million Holdings in United Rentals, Inc. (NYSE:URI)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 11,215 shares of the construction company's stock after selling 730 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in United Rentals were worth $7,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in URI. Rialto Wealth Management LLC bought a new stake in shares of United Rentals during the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Rentals in the 1st quarter valued at $26,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Rentals in the 4th quarter valued at $27,000. Meeder Asset Management Inc. increased its position in shares of United Rentals by 241.7% in the 4th 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 in the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of United Rentals in the 4th quarter valued at $36,000. Institutional investors own 96.26% of the company's stock.

Insider Activity

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president directly owned 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president directly owned 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of recent analyst reports. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and upped their price objective for the company from $485.00 to $780.00 in a research report on Friday, May 16th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group increased their target price on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Bank of America lowered their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $766.23.

United Rentals Stock Up 2.9%

Shares of NYSE URI traded up $21.58 during mid-day trading on Tuesday, hitting $774.98. The company had a trading volume of 628,479 shares, compared to its average volume of 586,383. The company has a market capitalization of $50.37 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.84 and a beta of 1.71. The firm has a 50-day simple moving average of $692.22 and a two-hundred day simple moving average of $681.60. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. United Rentals's revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.15 EPS. On average, equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

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.