United Rentals, Inc. $URI Stock Holdings Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 9.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 11,198 shares of the construction company’s stock after acquiring an additional 931 shares during the period. Rakuten Investment Management Inc.’s holdings in United Rentals were worth $11,361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in URI. BlackRock Inc. acquired a new stake in shares of United Rentals in the second quarter valued at about $5,816,326,000. State Street Corp increased its stake in shares of United Rentals by 1.1% during the second quarter. State Street Corp now owns 2,993,837 shares of the construction company’s stock worth $3,391,688,000 after purchasing an additional 32,238 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of United Rentals during the 2nd quarter worth about $944,196,000. The Manufacturers Life Insurance Company acquired a new position in shares of United Rentals during the 2nd quarter worth about $716,129,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of United Rentals by 15.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 539,121 shares of the construction company’s stock worth $610,765,000 after purchasing an additional 74,008 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URI has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of United Rentals from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $1,235.00 to $1,170.00 in a research note on Thursday, September 10th. Morgan Stanley boosted their price objective on United Rentals from $1,335.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Argus reissued a “buy” rating and set a $1,250.00 target price on shares of United Rentals in a report on Tuesday, August 4th. Citigroup restated a “buy” rating on shares of United Rentals in a research report on Monday, September 14th. Finally, Robert W. Baird set a $1,310.00 price target on United Rentals in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,292.88.

United Rentals Price Performance

Shares of NYSE URI opened at $1,125.02 on Thursday. The firm has a 50-day simple moving average of $1,053.99 and a 200-day simple moving average of $974.16. The stock has a market capitalization of $69.66 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.64 and a beta of 1.82. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.35. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,202.12.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 21st. The construction company reported $15.55 earnings per share for the quarter, topping the consensus estimate of $13.97 by $1.58. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.71 billion. United Rentals had a net margin of 16.33% and a return on equity of 33.47%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $11.70 earnings per share. On average, equities analysts predict that United Rentals, Inc. will post 51.51 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. United Rentals’s dividend payout ratio (DPR) is 17.32%.

United Rentals Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.