United Rentals, Inc. $URI Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of United Rentals, Inc. (NYSE:URI) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,814 shares of the construction company’s stock after purchasing an additional 5,115 shares during the quarter. United Rentals makes up about 0.6% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s portfolio, making the stock its 28th biggest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.58% of United Rentals worth $351,128,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in URI. Optas LLC grew its position in United Rentals by 0.9% during the third quarter. Optas LLC now owns 1,174 shares of the construction company’s stock valued at $1,121,000 after buying an additional 10 shares during the period. CreativeOne Wealth LLC raised its position in shares of United Rentals by 0.5% in the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after acquiring an additional 11 shares during the period. OFI Invest Asset Management boosted its stake in shares of United Rentals by 6.7% during the 3rd quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock worth $167,000 after acquiring an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after acquiring an additional 11 shares in the last quarter. Finally, Opal Wealth Advisors LLC grew its position in shares of United Rentals by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 450 shares of the construction company’s stock valued at $430,000 after acquiring an additional 12 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP William E. Grace sold 1,498 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total transaction of $1,184,753.22. Following the completion of the sale, the executive vice president owned 6,872 shares of the company’s stock, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the completion of the sale, the executive vice president owned 7,458 shares of the company’s stock, valued at approximately $5,900,322.12. The trade was a 25.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on URI shares. Robert W. Baird set a $970.00 price target on United Rentals in a research note on Friday, January 30th. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target on the stock in a research report on Sunday, January 4th. Royal Bank Of Canada cut their price objective on United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating for the company in a research report on Friday, January 30th. Truist Financial set a $972.00 target price on United Rentals in a research note on Friday, January 30th. Finally, Sanford C. Bernstein set a $965.00 target price on United Rentals in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $925.59.

United Rentals Stock Up 0.8%

NYSE URI opened at $743.02 on Tuesday. The business has a fifty day moving average price of $864.82 and a 200 day moving average price of $878.98. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.88 and a current ratio of 0.94. The company has a market cap of $46.81 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.19 and a beta of 1.66. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 28th. The construction company reported $11.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.86 by ($0.77). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the firm earned $11.59 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals declared that its Board of Directors has approved a share buyback program on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 8.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were given a dividend of $1.97 per share. The ex-dividend date was Wednesday, February 11th. This is a boost from United Rentals’s previous quarterly dividend of $1.79. This represents a $7.88 dividend on an annualized basis and a yield of 1.1%. United Rentals’s dividend payout ratio (DPR) is presently 20.37%.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.