Cardinal Capital Management Inc. lifted its position in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 29,862 shares of the construction company’s stock after buying an additional 627 shares during the quarter. Cardinal Capital Management Inc.’s holdings in United Rentals were worth $21,036,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in United Rentals by 11.7% during 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 purchasing an additional 964 shares in the last quarter. Retireful LLC purchased a new stake in shares of United Rentals in the third quarter worth about $697,000. Mizuho Securities USA LLC boosted its position in shares of United Rentals by 1,067.5% in the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after acquiring an additional 54,750 shares during the period. Fiduciary Alliance LLC grew its stake in United Rentals by 196.5% during the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 941 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in United Rentals by 428.8% during the 3rd quarter. XTX Topco Ltd now owns 1,692 shares of the construction company’s stock worth $1,370,000 after acquiring an additional 1,372 shares during the period. 96.26% of the stock is owned by institutional investors.
Insider Buying and Selling
In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by company insiders.
United Rentals Stock Performance
United Rentals (NYSE:URI – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the business posted $11.73 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that United Rentals, Inc. will post 43.43 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Argus upped their price target on shares of 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 upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Citigroup reduced their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Truist Financial cut their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $805.08.
Read Our Latest Research Report on URI
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.
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