United Rentals, Inc. (NYSE:URI) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG cut its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,260 shares of the construction company's stock after selling 2,448 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in United Rentals were worth $7,932,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of URI. Rialto Wealth Management LLC purchased a new stake in United Rentals in the 4th quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at $26,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of United Rentals during the fourth quarter valued at $27,000. Meeder Asset Management Inc. boosted its stake in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in United Rentals during the 4th quarter worth about $33,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on URI. Citigroup lowered their price target on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Evercore ISI reduced their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and an average price target of $804.15.

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United Rentals Trading Down 8.5 %

Shares of NYSE:URI traded down $54.90 during trading on Thursday, reaching $591.27. 760,606 shares of the stock were exchanged, compared to its average volume of 568,866. The firm'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 15.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month 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.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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%. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share 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 issued a $1.79 dividend. 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 1.21%. The ex-dividend date was Wednesday, February 12th. United Rentals's dividend payout ratio is currently 18.48%.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by corporate 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.