United Rentals, Inc. (NYSE:URI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of United Rentals, Inc. (NYSE:URI) by 29.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,945 shares of the construction company’s stock after purchasing an additional 2,742 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in United Rentals were worth $8,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of URI. Mayflower Financial Advisors LLC grew its position in United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after acquiring an additional 13 shares in the last quarter. Allen Capital Group LLC grew its holdings in shares of United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares in 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 worth $342,000 after buying an additional 13 shares during the period. CVA Family Office LLC lifted its holdings in United Rentals by 1.7% during the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after buying an additional 14 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in United Rentals by 3.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after buying an additional 14 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Down 1.2 %

United Rentals stock opened at $740.69 on Friday. The company has a market capitalization of $48.37 billion, a P/E ratio of 19.11, a PEG ratio of 1.52 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The stock has a 50-day simple moving average of $752.83 and a 200-day simple moving average of $769.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last announced 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%. Equities research analysts expect that United Rentals, Inc. will post 46.09 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.97%. United Rentals’s dividend payout ratio is 18.48%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup cut their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Bank of America boosted their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective 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. One 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, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $814.08.

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.