1,497,315 United Rentals, Inc. $URI Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in United Rentals, Inc. (NYSE:URI) by 88,861.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,499,000 shares of the construction company’s stock after purchasing an additional 1,497,315 shares during the quarter. International Assets Investment Management LLC’s holdings in United Rentals were worth $1,545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of United Rentals during the 2nd quarter worth $29,000. MidFirst Bank purchased a new position in United Rentals in the second quarter valued at $31,000. Bell Investment Advisors Inc purchased a new position in United Rentals in the second quarter valued at $40,000. Laurel Wealth Advisors LLC purchased a new position in United Rentals in the third quarter valued at $40,000. Finally, Frazier Financial Advisors LLC raised its stake in United Rentals by 33.3% in the first quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock valued at $41,000 after buying an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

URI stock opened at $1,053.32 on Monday. The company has a market capitalization of $65.22 billion, a P/E ratio of 23.15, a PEG ratio of 1.48 and a beta of 1.82. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,202.12. The business has a 50 day simple moving average of $1,054.02 and a 200-day simple moving average of $975.49. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.35.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, beating analysts’ consensus estimates of $13.97 by $1.58. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.71 billion. United Rentals had a net margin of 16.33% and a return on equity of 33.47%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $11.70 EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 51.51 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend 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 presently 17.32%.

Wall Street Analyst Weigh In

URI has been the subject of a number of recent analyst reports. Weiss Ratings raised United Rentals from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Sanford C. Bernstein set a $1,258.00 price objective on United Rentals in a report on Friday, October 23rd. Truist Financial raised their target price on United Rentals from $1,395.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Barclays boosted their target price on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Finally, BNP Paribas Exane boosted their target price on United Rentals from $1,365.00 to $1,455.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $1,238.53.

About United Rentals