Achmea Investment Management B.V. Cuts Position in United Rentals, Inc. (NYSE:URI)

Achmea Investment Management B.V. reduced its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,647 shares of the construction company's stock after selling 812 shares during the period. Achmea Investment Management B.V.'s holdings in United Rentals were worth $1,160,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Rialto Wealth Management LLC purchased a new position in United Rentals in the 4th quarter valued at $25,000. ORG Wealth Partners LLC purchased a new position in shares of United Rentals in the fourth quarter worth about $26,000. Hanson & Doremus Investment Management acquired a new position in United Rentals during the fourth quarter worth about $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals during the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management acquired a new stake in United Rentals in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the company's 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 approximately $4,390,128. This 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 can be accessed through the SEC website. 0.53% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

URI has been the topic of a number of analyst reports. Argus lifted their price objective on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Evercore ISI reduced their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. 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, Truist Financial reiterated a "buy" rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and a consensus target price of $829.00.

United Rentals Trading Up 3.0 %

Shares of URI traded up $18.36 during midday trading on Wednesday, hitting $627.42. 524,510 shares of the stock were exchanged, compared to its average volume of 548,409. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a fifty day simple moving average of $698.93 and a 200 day simple moving average of $758.97. The firm has a market cap of $40.97 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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, research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is an increase from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's dividend payout ratio 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.