United Rentals, Inc. $URI Stock Position Lifted by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its United Rentals position by 88,861.4% in the third quarter, adding 1,497,315 shares to hold 1,499,000 shares, or about 2.42% of the company.
• United Rentals reported quarterly earnings of $15.55 per share, beating the $13.97 consensus estimate, while revenue rose 15.7% year over year to $4.89 billion.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $1,238.53; the company also announced a quarterly dividend of $1.97 per share.

International Assets Investment Management LLC raised its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 88,861.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,499,000 shares of the construction company's stock after buying an additional 1,497,315 shares during the period. International Assets Investment Management LLC owned about 2.42% of United Rentals worth $1,545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in United Rentals during the 2nd quarter worth about $29,000. MidFirst Bank acquired a new position in United Rentals in the 2nd quarter valued at about $31,000. Bell Investment Advisors Inc acquired a new position in United Rentals in the 2nd quarter valued at about $40,000. Laurel Wealth Advisors LLC acquired a new position in United Rentals in the 3rd quarter valued at about $40,000. Finally, Frazier Financial Advisors LLC grew its position in United Rentals by 33.3% in the 1st quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company's stock valued at $41,000 after acquiring an additional 14 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 0.2%

URI opened at $1,053.32 on Monday. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,202.12. The stock has a market capitalization of $65.22 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 1.48 and a beta of 1.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.80 and a quick ratio of 0.73. The business has a fifty day moving average price of $1,054.02 and a 200 day moving average price of $975.49.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The construction company reported $15.55 earnings per share for the quarter, topping the consensus estimate of $13.97 by $1.58. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.71 billion. United Rentals had a return on equity of 33.47% and a net margin of 16.33%. United Rentals's revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $11.70 EPS. Sell-side analysts expect that United Rentals, Inc. will post 51.51 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.97 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals's payout ratio is currently 17.32%.

Analysts Set New Price Targets

URI has been the topic of a number of recent research reports. Sanford C. Bernstein set a $1,258.00 price target on shares of United Rentals in a research note on Friday, October 23rd. Truist Financial raised their price objective on shares of United Rentals from $1,395.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, October 23rd. Weiss Ratings upgraded shares of United Rentals from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday. Barclays upped their target price on shares of United Rentals from $715.00 to $950.00 and gave the stock an "underweight" rating in a research note on Friday, July 24th. Finally, Zacks Research upgraded shares of United Rentals from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,238.53.

United Rentals Profile

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