Clearbridge Investments LLC Acquires 943 Shares of United Rentals, Inc. (NYSE:URI)

Clearbridge Investments LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,527 shares of the construction company's stock after purchasing an additional 943 shares during the quarter. Clearbridge Investments LLC's holdings in United Rentals were worth $9,529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new stake in United Rentals during the fourth quarter worth $25,000. ORG Wealth Partners LLC bought a new stake in shares of United Rentals in the 4th quarter valued at about $26,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Rentals in the 4th quarter valued at about $27,000. Hanson & Doremus Investment Management acquired a new stake in United Rentals in the 4th quarter valued at about $33,000. Finally, Kestra Investment Management LLC bought a new position in United Rentals during the fourth quarter worth about $34,000. Institutional investors own 96.26% of the company's stock.

Insider Activity at United Rentals

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 stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by insiders.

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United Rentals Price Performance

NYSE URI traded down $26.61 on Friday, hitting $564.56. 1,180,723 shares of the company's stock were exchanged, compared to its average volume of 572,625. United Rentals, Inc. has a 52 week low of $545.37 and a 52 week high of $896.98. The stock has a 50-day moving average of $669.75 and a 200-day moving average of $750.88. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a market cap of $36.88 billion, a price-to-earnings ratio of 14.57, 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 data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current 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 paid a $1.79 dividend. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.27%. United Rentals's dividend payout ratio is presently 18.48%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Bank of America cut their price objective on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Evercore ISI decreased their price target on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $804.15.

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.