United Rentals, Inc. (NYSE:URI) Stock Holdings Raised by Cerity Partners LLC

Cerity Partners LLC raised its position in United Rentals, Inc. (NYSE:URI - Free Report) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 106,834 shares of the construction company's stock after acquiring an additional 582 shares during the period. Cerity Partners LLC owned approximately 0.16% of United Rentals worth $75,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC acquired a new stake in United Rentals in the fourth quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals during the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its holdings in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm's 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 owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.51% of the company's stock.

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United Rentals Stock Up 0.3 %

United Rentals stock traded up $1.63 during midday trading on Friday, hitting $581.57. 769,125 shares of the company were exchanged, compared to its average volume of 589,193. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The company's fifty day moving average price is $644.29 and its 200-day moving average price is $740.17. The company has a market cap of $38.00 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72.

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

United Rentals Increases Dividend

The firm also recently announced 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. The ex-dividend date 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 dividend yield of 1.23%. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

Analyst Ratings Changes

URI has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Evercore ISI reduced their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. UBS Group downgraded shares of United Rentals from a "buy" rating to a "sell" rating and decreased their price objective for the stock from $910.00 to $485.00 in a report on Monday, April 7th. Truist Financial dropped their target price on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $752.14.

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.