United Rentals, Inc. (NYSE:URI) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 637,188 shares of the construction company’s stock after buying an additional 27,708 shares during the period. The Manufacturers Life Insurance Company’s holdings in United Rentals were worth $412,089,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Precision Wealth Strategies LLC purchased a new stake in United Rentals during the 4th quarter valued at about $227,000. Gryphon Financial Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $281,000. Orion Portfolio Solutions LLC grew its position in shares of United Rentals by 13.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,113 shares of the construction company’s stock valued at $1,164,000 after purchasing an additional 256 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of United Rentals by 4.4% in the fourth quarter. TD Asset Management Inc now owns 103,950 shares of the construction company’s stock valued at $59,607,000 after purchasing an additional 4,373 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in United Rentals during the fourth quarter worth approximately $556,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.2 %

United Rentals stock opened at $803.41 on Friday. The firm has a market capitalization of $53.14 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.86 and a beta of 1.68. The stock’s fifty day simple moving average is $728.36 and its 200-day simple moving average is $690.60. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $826.24. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company earned $9.88 EPS. United Rentals’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts expect that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on URI. Citigroup started coverage on United Rentals in a report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price for the company. The Goldman Sachs Group increased their price objective on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday. Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Truist Financial boosted their price target on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and an average target price of $687.46.

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.