MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $284.81 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 404,301 shares of the construction company's stock after buying an additional 21,968 shares during the quarter. United Rentals makes up 0.6% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s portfolio, making the stock its 25th largest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.62% of United Rentals worth $284,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. Rialto Wealth Management LLC bought a new position in United Rentals in the fourth quarter valued at about $25,000. Murphy & Mullick Capital Management Corp bought a new position in United Rentals in the fourth quarter valued at about $27,000. Meeder Asset Management Inc. boosted its holdings in United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in United Rentals in the fourth quarter valued at about $33,000. Finally, Kestra Investment Management LLC bought a new position in United Rentals in the fourth quarter valued at about $34,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Up 1.9%

Shares of United Rentals stock traded up $13.27 on Friday, reaching $726.59. 477,671 shares of the company were exchanged, compared to its average volume of 601,194. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The company has a market capitalization of $47.23 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.43 and a beta of 1.70. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average of $626.76 and a 200 day moving average of $710.94.

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 (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company earned $9.15 EPS. The company's revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at approximately $4,390,128. The trade was a 13.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred on 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 directly 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 disclosure for this sale can be found here. Insiders have sold a total of 2,908 shares of company stock worth $1,890,567 in the last 90 days. Corporate insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent analyst reports. Cfra Research upgraded United Rentals to a "strong-buy" rating in a report on Friday, April 25th. UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and raised their target price for the stock from $485.00 to $780.00 in a report on Friday. Citigroup cut their price objective on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Evercore ISI cut their price objective on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and cut their price objective for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and an average target price of $748.38.

About United Rentals

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.