AustralianSuper Pty Ltd Has $162.04 Million Stake in United Rentals, Inc. (NYSE:URI)

AustralianSuper Pty Ltd cut its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 36.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,021 shares of the construction company's stock after selling 131,094 shares during the period. AustralianSuper Pty Ltd owned approximately 0.35% of United Rentals worth $162,036,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of URI. ORG Wealth Partners LLC acquired a new position in shares of United Rentals in the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals in the third quarter valued at about $31,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals in the fourth quarter valued at about $33,000. Carmichael Hill & Associates Inc. grew its stake in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after acquiring an additional 20 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in shares of United Rentals in the third quarter valued at about $41,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of URI stock traded down $19.65 on Tuesday, reaching $721.61. The company had a trading volume of 899,843 shares, compared to its average volume of 661,346. The stock has a market capitalization of $47.13 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. 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, Inc. has a one year low of $596.48 and a one year high of $896.98. The business's 50-day moving average is $737.38 and its 200 day moving average is $770.38.

United Rentals (NYSE:URI - Get Free Report) 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 net margin of 16.78% and a return on equity of 34.21%. Equities research analysts forecast that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. This is a positive change from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 0.99%. United Rentals's dividend payout ratio (DPR) is presently 16.83%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Argus upped their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Robert W. Baird upgraded shares of 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. Barclays increased their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Truist Financial reiterated a "buy" rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Citigroup reduced their price objective 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $814.08.

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.