Hsbc Holdings PLC Has $137.55 Million Stock Holdings in United Rentals, Inc. $URI

Hsbc Holdings PLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 56.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,551 shares of the construction company’s stock after purchasing an additional 60,849 shares during the quarter. Hsbc Holdings PLC’s holdings in United Rentals were worth $137,549,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Worthington Financial Partners LLC acquired a new stake in shares of United Rentals during the fourth quarter worth approximately $889,000. Rehmann Capital Advisory Group boosted its holdings in shares of United Rentals by 17.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 560 shares of the construction company’s stock worth $454,000 after acquiring an additional 85 shares in the last quarter. Stenger Family Office LLC boosted its holdings in shares of United Rentals by 12.1% in the 4th quarter. Stenger Family Office LLC now owns 3,960 shares of the construction company’s stock worth $3,205,000 after acquiring an additional 426 shares in the last quarter. Reflection Asset Management bought a new stake in United Rentals during the 4th quarter worth approximately $83,000. Finally, Clearwave Capital LLC bought a new stake in United Rentals during the 4th quarter worth approximately $245,000. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Performance

Shares of NYSE:URI opened at $1,077.68 on Friday. The stock has a market capitalization of $67.52 billion, a P/E ratio of 27.49, a P/E/G ratio of 1.70 and a beta of 1.81. United Rentals, Inc. has a 1-year low of $693.78 and a 1-year high of $1,106.88. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $953.75 and a two-hundred day moving average price of $871.26.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business posted $8.86 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts predict that United Rentals, Inc. will post 47.26 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is currently 20.10%.

Insider Buying and Selling at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This represents a 5.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on URI shares. Truist Financial set a $1,209.00 price target on United Rentals in a report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Raymond James Financial restated an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. Royal Bank Of Canada lifted their price target on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, UBS Group upped their price target on shares of United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,045.81.

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.