6,187 Shares in United Rentals, Inc. (NYSE:URI) Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. bought a new stake in United Rentals, Inc. (NYSE:URI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,187 shares of the construction company’s stock, valued at approximately $5,010,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mayflower Financial Advisors LLC boosted its holdings in United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after acquiring an additional 13 shares in the last quarter. Allen Capital Group LLC grew its position in United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after purchasing an additional 13 shares during the last quarter. First County Bank CT increased its stake in United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after purchasing an additional 13 shares in the last quarter. Duncker Streett & Co. Inc. raised its holdings in shares of United Rentals by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after buying an additional 14 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in shares of United Rentals by 3.8% during the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after buying an additional 14 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on 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 transaction, the senior vice president now owns 2,044 shares in the company, 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 can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

United Rentals Trading Down 1.0 %

Shares of United Rentals stock opened at $857.11 on Tuesday. United Rentals, Inc. has a fifty-two week low of $474.56 and a fifty-two 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 firm has a market capitalization of $56.24 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.03 and a beta of 1.66. The stock has a 50 day moving average of $828.46 and a 200 day moving average of $738.16.

United Rentals (NYSE:URI) last posted its quarterly earnings results 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). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $11.73 EPS. United Rentals’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.76%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on URI. Argus raised their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Truist Financial lifted their price objective 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. Citigroup increased their price objective on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI boosted their target price 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. Finally, Robert W. Baird increased their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, United Rentals presently has an average rating of “Hold” and an average target price of $751.67.

United Rentals 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.