KBC Group NV Increases Holdings in United Rentals, Inc. (NYSE:URI)

KBC Group NV increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,550 shares of the construction company’s stock after purchasing an additional 297 shares during the quarter. KBC Group NV’s holdings in United Rentals were worth $10,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Crewe Advisors LLC purchased a new stake in United Rentals during the 1st quarter valued at approximately $27,000. RFP Financial Group LLC grew its stake in United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals in the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. lifted its stake in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 1.6 %

Shares of NYSE URI opened at $836.00 on Friday. The company has a market cap of $54.86 billion, a P/E ratio of 21.83, a PEG ratio of 1.99 and a beta of 1.68. The firm has a 50-day simple moving average of $807.10 and a two-hundred day simple moving average of $726.23. United Rentals, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. United Rentals’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $11.73 earnings per share. Research analysts anticipate that United Rentals, Inc. will post 43.55 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, November 13th. United Rentals’s payout ratio is presently 17.03%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays boosted their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Truist Financial increased their target price on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America boosted their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup increased their price objective on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their target price on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $742.50.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by 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.