United Rentals, Inc. (NYSE:URI) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. decreased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,724 shares of the construction company's stock after selling 474 shares during the period. United Rentals comprises 1.4% of Cozad Asset Management Inc.'s portfolio, making the stock its 14th largest holding. Cozad Asset Management Inc.'s holdings in United Rentals were worth $14,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Rialto Wealth Management LLC purchased a new stake in United Rentals during the fourth quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the 4th quarter worth approximately $26,000. Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals in the 4th quarter worth approximately $33,000. Kestra Investment Management LLC purchased a new position in United Rentals in the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in United Rentals during the fourth quarter worth $36,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URI has been the subject of a number of research analyst reports. Citigroup dropped their price target on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Morgan Stanley dropped their target price on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Truist Financial reaffirmed a "buy" rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Bank of America reduced their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $815.67.

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Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by corporate insiders.

United Rentals Trading Down 0.3 %

URI stock traded down $2.06 on Friday, hitting $628.63. 766,930 shares of the company were exchanged, compared to its average volume of 547,493. The stock has a market capitalization of $41.05 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The business's fifty day moving average is $697.25 and its two-hundred day moving average is $757.17. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98. 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 (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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%. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a positive change from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. United Rentals's payout ratio is presently 18.48%.

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.