Capital International Investors Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

Capital International Investors boosted its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 41.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,051,365 shares of the construction company's stock after purchasing an additional 305,491 shares during the quarter. Capital International Investors owned 1.61% of United Rentals worth $740,624,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in United Rentals in the 4th quarter valued at about $695,716,000. Marshall Wace LLP increased its holdings in shares of United Rentals by 105.6% during the fourth quarter. Marshall Wace LLP now owns 546,165 shares of the construction company's stock worth $384,740,000 after purchasing an additional 280,502 shares during the period. Proficio Capital Partners LLC acquired a new stake in United Rentals in the fourth quarter valued at about $171,733,000. Raymond James Financial Inc. bought a new position in shares of United Rentals in the fourth quarter worth about $164,493,000. Finally, Alliancebernstein L.P. grew its holdings in shares of United Rentals by 16.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after purchasing an additional 172,340 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the 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 sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research reports. 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 report on Friday, March 21st. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price objective on 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 dropped their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $729.79.

United Rentals Trading Up 2.6 %

Shares of United Rentals stock traded up $14.89 during trading on Wednesday, reaching $589.65. 878,936 shares of the stock were exchanged, compared to its average volume of 589,522. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The firm has a market cap of $38.52 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The stock's fifty day moving average is $622.56 and its 200 day moving average is $730.18.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, equities research 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. Investors of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is 18.48%.

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.