Federated Hermes Inc. Sells 8,748 Shares of United Rentals, Inc. (NYSE:URI)

Federated Hermes Inc. lowered its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 40.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,823 shares of the construction company's stock after selling 8,748 shares during the quarter. Federated Hermes Inc.'s holdings in United Rentals were worth $9,033,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. raised its stake in United Rentals by 6.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock valued at $10,464,000 after purchasing an additional 877 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock valued at $313,627,000 after buying an additional 6,787 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after buying an additional 941 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of United Rentals during the fourth quarter worth $649,000. Finally, Nordea Investment Management AB boosted its position in shares of United Rentals by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock worth $517,018,000 after acquiring an additional 52,037 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

URI has been the topic of several research analyst reports. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. 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 report on Friday, March 21st. Citigroup dropped their price target 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. UBS Group downgraded United Rentals from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Finally, Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and lowered their target price for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $729.79.

United Rentals Trading Down 0.0 %

NYSE:URI traded down $0.18 during mid-day trading on Wednesday, hitting $597.00. 105,277 shares of the stock traded hands, compared to its average volume of 736,053. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm's 50 day moving average is $638.42 and its two-hundred day moving average is $737.67. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The stock has a market capitalization of $39.00 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.43 and a beta of 1.72.

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 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%. On average, equities research analysts predict 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. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.20%. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals's dividend payout ratio is presently 18.48%.

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.53% of the company's stock.

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.