1,409 Shares in United Rentals, Inc. (NYSE:URI) Acquired by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd bought a new stake in United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,409 shares of the construction company’s stock, valued at approximately $993,000.

Several other large investors also recently added to or reduced their stakes in URI. Rialto Wealth Management LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at $25,000. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals in the fourth quarter worth about $26,000. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals during the 4th quarter worth about $33,000. Kestra Investment Management LLC acquired a new position in shares of United Rentals during the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of United Rentals during the 4th quarter valued at about $36,000. 96.26% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

URI has been the subject of a number of recent analyst reports. Citigroup decreased their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Bank of America lowered their target price on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley cut their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. 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 report on Friday, January 31st. Finally, Truist Financial reiterated 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $815.67.

United Rentals Trading Up 3.1 %

United Rentals stock opened at $647.93 on Tuesday. The business has a 50 day moving average price of $695.59 and a two-hundred day moving average price of $756.81. 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, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98. The stock has a market cap of $42.31 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

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.