Alliancebernstein L.P. Has $880.78 Million Stake in United Rentals, Inc. (NYSE:URI)

Alliancebernstein L.P. raised its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,250,324 shares of the construction company's stock after purchasing an additional 172,340 shares during the quarter. Alliancebernstein L.P. owned 1.91% of United Rentals worth $880,778,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GHP Investment Advisors Inc. lifted its position in shares of United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock worth $10,464,000 after acquiring an additional 877 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock valued at $313,627,000 after purchasing an additional 6,787 shares in the last quarter. Fiduciary Alliance LLC grew its stake in shares of United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock valued at $1,000,000 after purchasing an additional 941 shares during the period. Blueshift Asset Management LLC bought a new stake in United Rentals in the fourth quarter valued at $649,000. Finally, Nordea Investment Management AB grew its holdings in shares of United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock worth $517,018,000 after purchasing an additional 52,037 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

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United Rentals Trading Down 8.5 %

NYSE URI traded down $54.89 during trading on Thursday, reaching $591.28. 582,028 shares of the stock traded hands, compared to its average volume of 568,425. The stock's 50-day moving average price is $678.19 and its 200 day moving average price is $753.23. The firm has a market cap of $38.63 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98. 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 - Get Free Report) 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 return on equity of 34.21% and a net margin of 16.78%. Analysts predict 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. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Wednesday, February 12th. This is a boost from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio is 18.48%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial restated a "buy" rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Morgan Stanley dropped their price objective on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Evercore ISI dropped their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, United Rentals has an average rating of "Moderate Buy" and a consensus price target of $804.15.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction on Monday, February 24th. The shares were 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 approximately $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by insiders.

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.