MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stock Position in United Rentals, Inc. $URI

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 362,699 shares of the construction company’s stock after selling 4,552 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in United Rentals were worth $273,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in United Rentals by 18.7% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,841 shares of the construction company’s stock valued at $21,729,000 after purchasing an additional 4,536 shares during the period. Diversify Advisory Services LLC raised its holdings in shares of United Rentals by 338.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock valued at $1,246,000 after buying an additional 1,277 shares during the period. Alliancebernstein L.P. lifted its position in shares of United Rentals by 3.7% during the second quarter. Alliancebernstein L.P. now owns 1,030,232 shares of the construction company’s stock worth $776,177,000 after purchasing an additional 36,991 shares in the last quarter. HUB Investment Partners LLC lifted its holdings in United Rentals by 11.3% in the 2nd quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock worth $1,661,000 after buying an additional 223 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in United Rentals by 43.6% in the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock valued at $42,233,000 after purchasing an additional 17,030 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Up 2.5%

United Rentals stock opened at $834.06 on Friday. The firm has a market cap of $53.07 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 1.84 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The firm’s 50 day moving average price is $876.74 and its two-hundred day moving average price is $854.81. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90.

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

United Rentals Announces Dividend

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

Analysts Set New Price Targets

URI has been the topic of a number of research analyst reports. UBS Group reiterated a “neutral” rating and set a $1,025.00 price objective on shares of United Rentals in a research note on Tuesday, October 28th. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Citigroup lowered their price target on United Rentals from $1,140.00 to $950.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Truist Financial set a $1,169.00 price target on shares of United Rentals in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $961.72.

About United Rentals

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.