Capital International Sarl Boosts Stock Position in United Rentals, Inc. (NYSE:URI)

Capital International Sarl boosted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 207.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,331 shares of the construction company's stock after acquiring an additional 2,247 shares during the quarter. Capital International Sarl's holdings in United Rentals were worth $2,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in United Rentals by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock valued at $1,115,142,000 after purchasing an additional 20,401 shares during the period. Alliancebernstein L.P. lifted its stake in United Rentals by 16.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock worth $880,778,000 after acquiring an additional 172,340 shares in the last quarter. Franklin Resources Inc. lifted its stake in United Rentals by 9.8% during the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after acquiring an additional 97,336 shares in the last quarter. Norges Bank purchased a new position in United Rentals during the 4th quarter valued at about $695,716,000. Finally, Invesco Ltd. grew its position in United Rentals by 7.4% in the 4th quarter. Invesco Ltd. now owns 922,452 shares of the construction company's stock valued at $649,813,000 after acquiring an additional 63,657 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of United Rentals stock traded up $14.89 during trading hours on Wednesday, hitting $589.65. 878,936 shares of the company were exchanged, compared to its average volume of 589,522. 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 1 year low of $525.91 and a 1 year high of $896.98. The business has a 50-day moving average of $622.56 and a 200-day moving average of $730.18. The stock has a market capitalization of $38.52 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

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

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

URI has been the subject of several recent research reports. UBS Group lowered shares of United Rentals from a "buy" rating to a "sell" rating and lowered their price objective for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Truist Financial dropped their price target on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price target on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Evercore ISI lowered their price objective on 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $729.79.

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.