Acropolis Investment Management LLC Sells 68 Shares of United Rentals, Inc. (NYSE:URI)

Acropolis Investment Management LLC lessened its position in United Rentals, Inc. (NYSE:URI) by 2.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,363 shares of the construction company’s stock after selling 68 shares during the period. Acropolis Investment Management LLC’s holdings in United Rentals were worth $2,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in United Rentals by 11.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after acquiring an additional 964 shares during the last quarter. Retireful LLC purchased a new position in shares of United Rentals in the third quarter worth $697,000. Mizuho Securities USA LLC lifted its holdings in shares of United Rentals by 1,067.5% during the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after purchasing an additional 54,750 shares in the last quarter. XTX Topco Ltd boosted its position in shares of United Rentals by 428.8% during the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company’s stock valued at $1,370,000 after buying an additional 1,372 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after buying an additional 52,037 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several research analyst reports. Argus upped their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Truist Financial raised their price target on United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $805.25.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Stock Up 5.9 %

URI stock opened at $729.60 on Wednesday. The business’s 50-day moving average price is $787.08 and its 200-day moving average price is $759.44. The stock has a market cap of $47.88 billion, a P/E ratio of 19.05, a PEG ratio of 1.83 and a beta of 1.69. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a twelve month low of $545.16 and a twelve month high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion during 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%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $11.73 earnings per share. On average, equities research analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $1.63 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.89%. United Rentals’s payout ratio is presently 17.03%.

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.