United Rentals, Inc. (NYSE:URI) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its position in shares of United Rentals, Inc. (NYSE:URI) by 1,486.3% during the 3rd quarter, Holdings Channel reports. The firm owned 809 shares of the construction company’s stock after purchasing an additional 758 shares during the period. Harvest Fund Management Co. Ltd’s holdings in United Rentals were worth $655,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of 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. Essex Financial Services Inc. grew its holdings in shares of United Rentals by 31.9% in the 2nd quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock worth $364,000 after acquiring an additional 136 shares during the last quarter. Retireful LLC acquired a new position in shares of United Rentals in the 3rd quarter worth $697,000. Mizuho Securities USA LLC grew its holdings in shares of United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after acquiring an additional 54,750 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of United Rentals by 241.2% in the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after acquiring an additional 3,435 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird lifted their target price 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. raised their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Citigroup raised their target price on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI raised their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $751.67.

United Rentals Price Performance

URI opened at $864.39 on Tuesday. The stock has a market cap of $56.72 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.99 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $454.71 and a 1 year high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The stock has a fifty day moving average price of $821.86 and a 200 day moving average price of $733.58.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 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%. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $11.73 EPS. Analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.75%. United Rentals’s dividend payout ratio is currently 17.03%.

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.