Canada Post Corp Registered Pension Plan Buys New Stake in United Rentals, Inc. (NYSE:URI)

Canada Post Corp Registered Pension Plan acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,117 shares of the construction company's stock, valued at approximately $787,000.

Other large investors also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals in the 4th quarter worth $27,000. Meeder Asset Management Inc. grew 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 acquiring an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in United Rentals in the fourth quarter worth approximately $33,000. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Up 1.0 %

Shares of URI stock traded up $5.57 on Friday, hitting $590.80. The stock had a trading volume of 367,847 shares, compared to its average volume of 588,507. The company's 50 day moving average price is $628.94 and its 200-day moving average price is $732.79. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. 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 firm has a market capitalization of $38.60 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results 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 return on equity of 34.21% and a net margin of 16.78%. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.21%. United Rentals's dividend payout ratio is 18.48%.

Analysts Set New Price Targets

Several brokerages recently issued reports on URI. Bank of America reduced their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Truist Financial dropped their target price on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price objective on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup reduced their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group lowered United Rentals from a "buy" rating to a "sell" rating and cut their price objective for the company from $910.00 to $485.00 in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $729.79.

Insider Buying and Selling at United Rentals

In related 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. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.