Candriam S.C.A. Purchases 6,454 Shares of United Rentals, Inc. (NYSE:URI)

Candriam S.C.A. lifted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,007 shares of the construction company's stock after acquiring an additional 6,454 shares during the period. Candriam S.C.A.'s holdings in United Rentals were worth $21,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. ORG Wealth Partners LLC acquired a new stake in United Rentals during the fourth quarter worth $26,000. Hanson & Doremus Investment Management acquired a new stake in United Rentals during the fourth quarter worth $33,000. Kestra Investment Management LLC acquired a new stake in United Rentals during the fourth quarter worth $34,000. Promus Capital LLC acquired a new stake in United Rentals during the fourth quarter worth $41,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in United Rentals during the fourth quarter worth $42,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on URI shares. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Citigroup decreased their price target 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. Morgan Stanley reduced their target price on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Argus boosted their target price 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. Finally, Truist Financial restated a "buy" rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $829.00.

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Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction dated 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. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.53% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock traded up $2.75 during trading on Friday, reaching $628.63. The company's stock had a trading volume of 1,000,664 shares, compared to its average volume of 727,954. The stock has a 50-day moving average price of $712.93 and a two-hundred day moving average price of $765.21. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. The stock has a market capitalization of $41.05 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI - Get Free Report) last released 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 net margin of 16.78% and a return on equity of 34.21%. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed 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. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's payout ratio is currently 18.48%.

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.