United Rentals, Inc. $URI Shares Sold by Mirabaud & Cie SA

Mirabaud & Cie SA cut its holdings in United Rentals, Inc. (NYSE:URI) by 33.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,900 shares of the construction company’s stock after selling 1,460 shares during the period. United Rentals accounts for about 0.9% of Mirabaud & Cie SA’s holdings, making the stock its 23rd biggest position. Mirabaud & Cie SA’s holdings in United Rentals were worth $2,769,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in URI. Loomis Sayles & Co. L P acquired a new stake in United Rentals in the 2nd quarter worth about $28,000. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals in the first quarter worth approximately $30,000. Maseco LLP purchased a new stake in United Rentals in the second quarter valued at approximately $32,000. Trust Co. of Toledo NA OH purchased a new stake in United Rentals in the second quarter valued at approximately $38,000. Finally, Hantz Financial Services Inc. increased its position in United Rentals by 103.7% during the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock worth $42,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on URI shares. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Citigroup reduced their price objective on United Rentals from $1,140.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. UBS Group reiterated a “neutral” rating and set a $1,025.00 target price on shares of United Rentals in a report on Tuesday, October 28th. Barclays cut their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Finally, Truist Financial decreased their price objective on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $954.83.

United Rentals Stock Performance

United Rentals stock opened at $824.77 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The firm’s fifty day moving average price is $841.79 and its 200 day moving average price is $862.35. The company has a market capitalization of $52.48 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.68. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the prior year, the firm earned $11.80 earnings per share. United Rentals’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, November 12th. United Rentals’s dividend payout ratio is 18.42%.

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.