Nomura Holdings Inc. Purchases New Stake in United Rentals, Inc. (NYSE:URI)

Nomura Holdings Inc. bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,360 shares of the construction company’s stock, valued at approximately $780,000.

Other institutional investors have also recently made changes to their positions in the company. Hoylecohen LLC grew its holdings in shares of United Rentals by 1.4% during the 4th quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock worth $667,000 after purchasing an additional 16 shares during the period. Ballentine Partners LLC increased its position in shares of United Rentals by 2.1% during the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after acquiring an additional 18 shares during the last quarter. DGS Capital Management LLC raised its stake in shares of United Rentals by 1.3% in the 4th quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after acquiring an additional 18 shares during the period. Oak Ridge Investments LLC lifted its holdings in shares of United Rentals by 0.3% in the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock worth $3,335,000 after acquiring an additional 20 shares during the last quarter. Finally, Caprock Group LLC boosted its position in shares of United Rentals by 2.3% during the 4th quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock worth $516,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $639.17 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $732.37. The firm has a market capitalization of $42.56 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.09 and a beta of 1.75. The business’s 50-day simple moving average is $662.70 and its 200-day simple moving average is $637.82.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the firm earned $7.95 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that United Rentals, Inc. will post 43.87 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is 17.66%.

Analysts Set New Price Targets

A number of brokerages have issued reports on URI. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. JPMorgan Chase & Co. assumed coverage on United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 target price on the stock. The Goldman Sachs Group raised their target price on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus boosted their price target on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Truist Financial raised their price objective on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $612.73.

Insider Activity at United Rentals

In other news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

United Rentals Company 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.