Mizuho Securities USA LLC Has $48.49 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Mizuho Securities USA LLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1,067.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 owned 0.09% of United Rentals worth $48,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Orion Portfolio Solutions LLC increased its holdings in shares of United Rentals by 48.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock valued at $2,256,000 after purchasing an additional 1,016 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in United Rentals by 5.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 557 shares of the construction company’s stock worth $402,000 after buying an additional 30 shares in the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in United Rentals in the 1st quarter worth approximately $206,000. Osaic Holdings Inc. boosted its stake in shares of United Rentals by 12.9% during the 1st quarter. Osaic Holdings Inc. now owns 37,753 shares of the construction company’s stock valued at $27,229,000 after buying an additional 4,308 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its holdings in shares of United Rentals by 187.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 5,161 shares of the construction company’s stock valued at $3,722,000 after acquiring an additional 3,367 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 1.7 %

Shares of NYSE:URI opened at $835.36 on Friday. 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’s 50-day moving average is $807.10 and its 200-day moving average is $725.83. The company 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. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last released its 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 net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business earned $11.73 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts predict that United Rentals, Inc. will post 43.66 earnings per share for the current 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 issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Analysts Set New Price Targets

Several analysts recently issued reports on URI shares. Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Truist Financial lifted their price target on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. The Goldman Sachs Group lifted their target price on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Citigroup increased their price target 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. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $742.50.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The shares were 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 in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company’s stock.

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.