Chevy Chase Trust Holdings LLC Reduces Stock Position in United Rentals, Inc. (NYSE:URI)

Chevy Chase Trust Holdings LLC lowered its position in United Rentals, Inc. (NYSE:URI - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,438 shares of the construction company's stock after selling 1,267 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of United Rentals worth $24,260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals in the third quarter valued at $31,000. Hanson & Doremus Investment Management purchased a new stake in United Rentals during the fourth quarter valued at about $33,000. Carmichael Hill & Associates Inc. lifted its stake in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after purchasing an additional 20 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in United Rentals during the third quarter worth about $41,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Down 1.7 %

Shares of United Rentals stock traded down $11.93 during trading on Wednesday, hitting $708.42. The company's stock had a trading volume of 635,310 shares, compared to its average volume of 660,535. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a fifty day simple moving average of $737.38 and a two-hundred day simple moving average of $770.38. The company has a market capitalization of $46.27 billion, a PE ratio of 18.28, a P/E/G ratio of 1.52 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts predict that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. 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 1.01%. The ex-dividend date is Wednesday, February 12th. United Rentals's payout ratio is presently 18.48%.

Analysts Set New Price Targets

URI has been the subject of a number of recent research reports. 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 report on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Evercore ISI cut 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. Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research report on Friday, October 25th. Finally, Bank of America upped their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $829.00.

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.