Generali Asset Management SPA SGR Acquires Shares of 3,271 United Rentals, Inc. (NYSE:URI)

Generali Asset Management SPA SGR bought a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,271 shares of the construction company's stock, valued at approximately $2,304,000.

Several other institutional investors also recently modified their holdings of the business. FMR LLC grew its stake in shares of United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after acquiring an additional 85,325 shares during the period. Geode Capital Management LLC lifted its holdings in shares of United Rentals by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock valued at $1,264,326,000 after buying an additional 9,256 shares during the period. Franklin Resources Inc. grew its holdings in shares of United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock worth $862,110,000 after acquiring an additional 57,002 shares during the period. JPMorgan Chase & Co. boosted its position in United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after purchasing an additional 105,287 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock worth $517,018,000 after purchasing an additional 52,037 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a research report on Tuesday, January 14th. Evercore ISI decreased their target price 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. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Morgan Stanley lowered their target price on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $815.67.

United Rentals Trading Up 3.1 %

URI stock traded up $19.77 during midday trading on Monday, reaching $647.93. 614,886 shares of the company traded hands, compared to its average volume of 547,839. The firm has a market capitalization of $42.31 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The business has a 50 day moving average of $696.39 and a 200-day moving average of $757.16. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results 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%. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.11%. United Rentals's payout ratio 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.