Corient Private Wealth LLC Reduces Stake in United Rentals, Inc. (NYSE:URI)

Corient Private Wealth LLC reduced its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,046 shares of the construction company's stock after selling 1,660 shares during the quarter. Corient Private Wealth LLC's holdings in United Rentals were worth $10,601,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Allen Capital Group LLC grew its holdings in United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company's stock valued at $262,000 after buying an additional 13 shares in the last quarter. First County Bank CT grew its holdings in United Rentals by 3.2% in the 3rd quarter. First County Bank CT now owns 422 shares of the construction company's stock valued at $342,000 after buying an additional 13 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock valued at $573,000 after buying an additional 14 shares in the last quarter. Valmark Advisers Inc. grew its holdings in United Rentals by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock valued at $555,000 after buying an additional 14 shares in the last quarter. Finally, Erste Asset Management GmbH grew its holdings in United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after buying an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the 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 sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on URI. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Truist Financial reiterated a "buy" rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Bank of America lowered their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday. Morgan Stanley lowered their price target on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Finally, Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $815.67.

United Rentals Trading Down 0.3 %

URI traded down $2.06 during mid-day trading on Friday, hitting $628.63. 766,930 shares of the stock were exchanged, compared to its average volume of 547,569. The firm's fifty day moving average is $696.39 and its two-hundred day moving average is $756.77. United Rentals, Inc. has a 1-year low of $585.27 and a 1-year high of $896.98. 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 company has a market cap of $41.05 billion, a PE ratio of 16.22, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results 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 analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. This is a positive change from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is currently 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.