United Rentals, Inc. $URI Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,972 shares of the construction company’s stock, valued at approximately $16,985,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SFE Investment Counsel raised its position in shares of United Rentals by 0.5% during the third quarter. SFE Investment Counsel now owns 11,323 shares of the construction company’s stock valued at $11,332,000 after buying an additional 55 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of United Rentals by 11.2% in the third quarter. ProShare Advisors LLC now owns 10,665 shares of the construction company’s stock worth $10,673,000 after buying an additional 1,070 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of United Rentals by 8.2% in the third quarter. Vise Technologies Inc. now owns 11,708 shares of the construction company’s stock worth $11,717,000 after buying an additional 888 shares in the last quarter. Cidel Asset Management Inc. boosted its position in shares of United Rentals by 4.7% during the third quarter. Cidel Asset Management Inc. now owns 445 shares of the construction company’s stock worth $445,000 after acquiring an additional 20 shares during the last quarter. Finally, Americana Partners LLC boosted its position in shares of United Rentals by 20.2% during the third quarter. Americana Partners LLC now owns 725 shares of the construction company’s stock worth $726,000 after acquiring an additional 122 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $1,173.72 on Wednesday. The company has a market cap of $72.68 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.65 and a beta of 1.82. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,202.12. The stock’s 50 day simple moving average is $1,052.53 and its two-hundred day simple moving average is $973.16. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.80 and a quick ratio of 0.73.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, beating analysts’ consensus estimates of $13.97 by $1.58. United Rentals had a return on equity of 33.47% and a net margin of 16.33%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the prior year, the company earned $11.70 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts anticipate that United Rentals, Inc. will post 51.17 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be paid 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 yield of 0.7%. United Rentals’s dividend payout ratio is presently 17.32%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America reaffirmed a “buy” rating on shares of United Rentals in a research note on Thursday, October 22nd. Morgan Stanley boosted their price target on shares of United Rentals from $1,335.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of United Rentals in a report on Wednesday, October 21st. Wells Fargo & Company raised their price objective on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,292.88.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.