Brandywine Global Investment Management LLC Reduces Position in United Rentals, Inc. (NYSE:URI)

Brandywine Global Investment Management LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 5.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,977 shares of the construction company’s stock after selling 2,045 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in United Rentals were worth $27,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in URI. Rialto Wealth Management LLC acquired a new position in shares of United Rentals in the 4th quarter valued at $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter valued at $26,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals in the fourth quarter valued at about $27,000. Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals during the fourth quarter worth about $33,000. Finally, Kestra Investment Management LLC purchased a new position in shares of United Rentals during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of several analyst reports. Citigroup reduced their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Truist Financial reaffirmed a “buy” rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Morgan Stanley cut their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $804.15.

United Rentals Price Performance

United Rentals stock opened at $627.10 on Monday. The firm has a market capitalization of $40.97 billion, a PE ratio of 16.18, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The firm’s 50-day simple moving average is $686.97 and its 200 day simple moving average is $755.28. 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 (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal 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 given 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 was Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.14%. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

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.