ING Groep NV Purchases 3,145 Shares of United Rentals, Inc. (NYSE:URI)

ING Groep NV boosted its position in United Rentals, Inc. (NYSE:URI) by 413.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,906 shares of the construction company’s stock after purchasing an additional 3,145 shares during the period. ING Groep NV’s holdings in United Rentals were worth $3,163,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after buying an additional 964 shares during the last quarter. Essex Financial Services Inc. lifted its holdings in United Rentals by 31.9% during the 2nd quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after purchasing an additional 136 shares during the last quarter. Tidal Investments LLC boosted its position in United Rentals by 241.2% during the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after purchasing an additional 3,435 shares during the period. BDF Gestion acquired a new position in shares of United Rentals in the second quarter valued at $2,998,000. Finally, Orion Portfolio Solutions LLC raised its position in shares of United Rentals by 48.1% in the first quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock valued at $2,256,000 after purchasing an additional 1,016 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In related 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 directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.

United Rentals Price Performance

URI stock opened at $836.00 on Friday. The company’s 50-day moving average price is $807.10 and its two-hundred day moving average price is $726.23. United Rentals, Inc. has a 12 month low of $454.71 and a 12 month high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The firm has a market cap of $54.86 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.99 and a beta of 1.68.

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

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Truist Financial upped their price target on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Robert W. Baird lifted their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, Bank of America lifted their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and a consensus target price of $742.50.

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.