1,643 Shares in United Rentals, Inc. (NYSE:URI) Acquired by Myriad Asset Management US LP

Myriad Asset Management US LP acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,643 shares of the construction company’s stock, valued at approximately $1,157,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. CX Institutional increased its position in United Rentals by 3.2% in the 3rd quarter. CX Institutional now owns 515 shares of the construction company’s stock valued at $417,000 after acquiring an additional 16 shares during the period. Creative Planning increased its position in United Rentals by 7.9% in the 3rd quarter. Creative Planning now owns 13,046 shares of the construction company’s stock valued at $10,563,000 after acquiring an additional 959 shares during the period. Vontobel Holding Ltd. increased its position in United Rentals by 65.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 4,919 shares of the construction company’s stock valued at $3,983,000 after acquiring an additional 1,950 shares during the period. Trust Co. of Vermont increased its position in United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after acquiring an additional 60 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in United Rentals by 5.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,217 shares of the construction company’s stock valued at $5,844,000 after acquiring an additional 382 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on URI shares. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Citigroup reduced their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $814.08.

United Rentals Stock Up 1.6 %

Shares of NYSE URI opened at $741.10 on Friday. The firm has a market cap of $48.40 billion, a PE ratio of 19.13, a P/E/G ratio of 1.54 and a beta of 1.68. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The company’s fifty day simple moving average is $740.77 and its 200 day simple moving average is $769.54. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is 16.83%.

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.