United Rentals, Inc. (NYSE:URI) Stock Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 914,014 shares of the construction company's stock after acquiring an additional 11,529 shares during the period. Dimensional Fund Advisors LP owned about 1.40% of United Rentals worth $643,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. First Trust Advisors LP lifted its position in United Rentals by 17.3% in the fourth quarter. First Trust Advisors LP now owns 57,610 shares of the construction company's stock valued at $40,583,000 after acquiring an additional 8,512 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in shares of United Rentals in the 4th quarter valued at $23,269,000. Forum Financial Management LP boosted its stake in United Rentals by 1.9% during the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after purchasing an additional 14 shares during the period. Capital Group Private Client Services Inc. acquired a new position in United Rentals in the fourth quarter valued at $9,739,000. Finally, Capital International Investors raised its holdings in shares of United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after buying an additional 305,491 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

URI has been the subject of a number of recent research reports. Bank of America decreased 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. Citigroup cut their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Truist Financial lowered their price objective on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. UBS Group cut United Rentals from a "buy" rating to a "sell" rating and cut their price target for the stock from $910.00 to $485.00 in a report on Monday, April 7th. Finally, Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their target price for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $729.79.

Insider Activity

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 shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.53% of the company's stock.

United Rentals Stock Performance

URI stock traded up $58.23 during mid-day trading on Thursday, reaching $647.44. The company had a trading volume of 1,010,305 shares, compared to its average volume of 591,297. The stock's 50-day simple moving average is $619.53 and its two-hundred day simple moving average is $729.21. The stock has a market capitalization of $42.30 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.43 and a beta of 1.72. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.11%. United Rentals's dividend payout ratio (DPR) is presently 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.