Mizuho Securities USA LLC Purchases 54,750 Shares of United Rentals, Inc. (NYSE:URI)

Mizuho Securities USA LLC grew its holdings in United Rentals, Inc. (NYSE:URI) by 1,067.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,879 shares of the construction company’s stock after buying an additional 54,750 shares during the quarter. Mizuho Securities USA LLC’s holdings in United Rentals were worth $48,486,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. KCM Investment Advisors LLC bought a new position in shares of United Rentals during the third quarter valued at $201,000. Empowered Funds LLC boosted its position in United Rentals by 22.3% in the third quarter. Empowered Funds LLC now owns 5,092 shares of the construction company’s stock valued at $4,123,000 after buying an additional 929 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of United Rentals by 1.9% during the third quarter. Empirical Finance LLC now owns 2,376 shares of the construction company’s stock worth $1,924,000 after buying an additional 44 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in shares of United Rentals in the 3rd quarter worth approximately $206,000. Finally, CIBC Asset Management Inc grew its position in United Rentals by 8.3% during the 3rd quarter. CIBC Asset Management Inc now owns 9,729 shares of the construction company’s stock worth $7,878,000 after acquiring an additional 747 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Down 1.7 %

Shares of NYSE URI opened at $835.36 on Friday. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market cap of $54.82 billion, a P/E ratio of 21.82, a P/E/G ratio of 2.01 and a beta of 1.68. The firm has a 50 day moving average price of $807.10 and a 200 day moving average price of $725.83.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion during 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%. United Rentals’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $11.73 EPS. Analysts expect that United Rentals, Inc. will post 43.66 EPS for the current 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 given a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. United Rentals’s dividend payout ratio is presently 17.03%.

Analyst Ratings Changes

A number of research firms have commented on URI. Robert W. Baird boosted their price objective on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Evercore ISI raised their price objective 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. Barclays upped their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Truist Financial increased their price objective on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $742.50.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.53% of the company’s stock.

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.