Boston Partners Has $274.65 Million Holdings in United Rentals, Inc. (NYSE:URI)

Boston Partners trimmed its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 42.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 387,993 shares of the construction company's stock after selling 286,000 shares during the quarter. Boston Partners owned approximately 0.59% of United Rentals worth $274,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in URI. Rialto Wealth Management LLC acquired a new position in United Rentals during the 4th quarter worth $25,000. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the 4th quarter worth about $26,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the 4th quarter worth about $33,000. Kestra Investment Management LLC acquired a new position in shares of United Rentals during the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of United Rentals during the 4th quarter worth about $36,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company's stock.

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United Rentals Stock Performance

United Rentals stock traded down $2.06 during midday trading on Friday, reaching $628.63. 766,930 shares of the company's stock were exchanged, compared to its average volume of 547,569. The stock's 50-day simple moving average is $696.39 and its 200 day simple moving average is $756.77. The firm has a market cap of $41.05 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. 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, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98.

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

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, February 12th. 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%. United Rentals's dividend payout ratio (DPR) is 18.48%.

Analyst Ratings Changes

Several equities analysts have commented on URI shares. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Bank of America dropped their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday. Truist Financial restated a "buy" rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Evercore ISI dropped their price target on shares of 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. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and an average target price of $815.67.

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.