922 Shares in United Rentals, Inc. (NYSE:URI) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 922 shares of the construction company's stock, valued at approximately $649,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. boosted its stake in United Rentals by 6.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock worth $10,464,000 after buying an additional 877 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Rentals by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after acquiring an additional 6,787 shares during the last quarter. Fiduciary Alliance LLC boosted its position in shares of United Rentals by 196.5% during the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after purchasing an additional 941 shares during the period. Nordea Investment Management AB increased its holdings in United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock valued at $517,018,000 after purchasing an additional 52,037 shares during the last quarter. Finally, XTX Topco Ltd raised its position in United Rentals by 428.8% in the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company's stock valued at $1,370,000 after purchasing an additional 1,372 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

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United Rentals Stock Up 1.0 %

Shares of URI traded up $6.63 during mid-day trading on Tuesday, reaching $653.71. The company's stock had a trading volume of 693,836 shares, compared to its average volume of 547,776. 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 12-month low of $585.27 and a 12-month high of $896.98. The stock has a market cap of $42.69 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company's 50 day moving average is $695.59 and its 200 day moving average is $756.81.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results 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 net margin of 16.78% and a return on equity of 34.21%. Equities analysts anticipate 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. Investors of record on Wednesday, February 12th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.10%. United Rentals's payout ratio is 18.48%.

Insider Buying and Selling at United Rentals

In other 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 value of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of several research analyst reports. Bank of America lowered their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Morgan Stanley reduced their price target on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and dropped their price objective for the company from $705.00 to $666.00 in a report on Tuesday. Finally, 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. 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $804.15.

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.