United Rentals, Inc. (NYSE:URI) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel grew its position in shares of United Rentals, Inc. (NYSE:URI) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,716 shares of the construction company’s stock after purchasing an additional 157 shares during the period. Carnegie Investment Counsel’s holdings in United Rentals were worth $10,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after buying an additional 85,325 shares during the period. International Assets Investment Management LLC grew its position in United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after acquiring an additional 1,604,715 shares in the last quarter. Geode Capital Management LLC increased its stake in United Rentals by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock worth $1,264,326,000 after purchasing an additional 9,256 shares during the period. Franklin Resources Inc. lifted its position in shares of United Rentals by 6.1% during the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after purchasing an additional 57,002 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Up 2.2 %

Shares of NYSE:URI opened at $758.03 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a 50 day simple moving average of $782.94 and a 200-day simple moving average of $759.89. The company has a market capitalization of $49.74 billion, a PE ratio of 19.80, a P/E/G ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a twelve month low of $545.16 and a twelve month high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $11.73 earnings per share. On average, equities analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.86%. United Rentals’s dividend payout ratio is presently 17.03%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on URI shares. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Barclays increased their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Truist Financial cut their price target on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $805.08.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

United Rentals Company Profile

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.