National Pension Service Purchases 74,479 Shares of United Rentals, Inc. (NYSE:URI)

National Pension Service lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 79.8% during the 4th quarter, HoldingsChannel reports. The firm owned 167,813 shares of the construction company’s stock after acquiring an additional 74,479 shares during the period. National Pension Service’s holdings in United Rentals were worth $118,214,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Mayflower Financial Advisors LLC boosted its position in shares of United Rentals by 4.0% during the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after purchasing an additional 13 shares in the last quarter. Allen Capital Group LLC boosted its position in shares of United Rentals by 4.2% during 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 boosted its position in shares of United Rentals by 3.2% during the third 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. Concurrent Investment Advisors LLC boosted its position in shares of United Rentals by 3.2% during the third quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after purchasing an additional 14 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. boosted its position in shares of United Rentals by 1.8% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after purchasing an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

United Rentals Stock Performance

Shares of URI opened at $642.29 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The firm has a market capitalization of $41.95 billion, a P/E ratio of 16.58, a PEG ratio of 1.43 and a beta of 1.68. The business has a fifty day moving average of $724.58 and a 200 day moving average of $769.00.

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

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is currently 18.48%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup dropped their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Argus lifted 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. Truist Financial restated a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Evercore ISI decreased their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $829.00.

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.