Range Financial Group LLC Purchases Shares of 550 United Rentals, Inc. (NYSE:URI)

Range Financial Group LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 550 shares of the construction company’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors have also made changes to their positions in URI. Mirae Asset Global Investments Co. Ltd. grew its position in shares of United Rentals by 11.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after acquiring an additional 964 shares during the period. Retireful LLC acquired a new position in United Rentals during the third quarter worth approximately $697,000. Mizuho Securities USA LLC raised its stake in United Rentals by 1,067.5% in the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after buying an additional 54,750 shares during the period. XTX Topco Ltd lifted its position in shares of United Rentals by 428.8% in the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company’s stock valued at $1,370,000 after buying an additional 1,372 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of United Rentals by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 43,650 shares of the construction company’s stock worth $35,346,000 after acquiring an additional 1,200 shares during the period. 96.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of several research reports. Citigroup raised their price target on United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a report on Monday, December 9th. Robert W. Baird lifted their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Bank of America raised their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Argus increased their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $792.69.

United Rentals Stock Up 0.1 %

NYSE URI opened at $684.56 on Wednesday. United Rentals, Inc. has a fifty-two week low of $533.70 and a fifty-two week high of $896.98. The business has a fifty day moving average price of $797.13 and a two-hundred day moving average price of $758.28. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market capitalization of $44.92 billion, a PE ratio of 17.88, a PEG ratio of 1.83 and a beta of 1.69.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $11.73 earnings per share. Equities analysts expect that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

United Rentals 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.