United Rentals, Inc. (NYSE:URI) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its holdings in United Rentals, Inc. (NYSE:URI) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,998 shares of the construction company’s stock after acquiring an additional 1,680 shares during the quarter. Commonwealth Equity Services LLC’s holdings in United Rentals were worth $38,743,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of United Rentals by 36.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 24,409 shares of the construction company’s stock worth $17,233,000 after acquiring an additional 6,475 shares in the last quarter. Erste Asset Management GmbH raised its stake in United Rentals by 0.5% during the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock valued at $2,002,000 after buying an additional 14 shares in the last quarter. Great Lakes Advisors LLC raised its stake in United Rentals by 10.2% during the fourth quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock valued at $220,000 after buying an additional 29 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in United Rentals by 15.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,559 shares of the construction company’s stock valued at $1,098,000 after buying an additional 213 shares in the last quarter. Finally, Summit X LLC raised its stake in United Rentals by 19.0% during the fourth quarter. Summit X LLC now owns 414 shares of the construction company’s stock valued at $292,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI stock opened at $623.35 on Friday. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98. The firm has a market capitalization of $40.71 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The business has a 50 day simple moving average of $701.71 and a 200 day simple moving average of $760.27. 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 (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.15%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio is 18.48%.

Analysts Set New Price Targets

Several brokerages have issued reports on URI. Citigroup cut their price objective 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. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Argus upped 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. Morgan Stanley cut their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, Truist Financial restated a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals 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 given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.