Aviva PLC Purchases 1,766 Shares of United Rentals, Inc. (NYSE:URI)

Aviva PLC increased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,006 shares of the construction company's stock after purchasing an additional 1,766 shares during the period. Aviva PLC owned approximately 0.21% of United Rentals worth $96,513,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Rialto Wealth Management LLC acquired a new position in shares of United Rentals during the fourth quarter valued at about $25,000. ORG Wealth Partners LLC bought a new position in United Rentals in the 4th quarter valued at about $26,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals during the 4th quarter valued at about $27,000. Meeder Asset Management Inc. increased its holdings in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after purchasing an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of NYSE URI traded down $29.54 during trading on Thursday, reaching $581.58. 503,274 shares of the stock traded hands, compared to its average volume of 585,810. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $38.00 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a 50-day moving average of $650.92 and a 200-day moving average of $743.68.

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United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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%. Analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal 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 paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.23%. 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 payout ratio is currently 18.48%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on URI. UBS Group cut United Rentals from a "buy" rating to a "sell" rating and cut their target price for the company from $910.00 to $485.00 in a research report on Monday. Truist Financial cut their price objective on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating on the stock in a report on Tuesday. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Citigroup cut their price target on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $752.14.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction 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 in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.51% of the company's stock.

United Rentals 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.