United Rentals, Inc. (NYSE:URI) Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lowered its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 64.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,018 shares of the construction company's stock after selling 1,862 shares during the quarter. Grandeur Peak Global Advisors LLC's holdings in United Rentals were worth $717,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of United Rentals in the fourth quarter valued at about $695,716,000. Proficio Capital Partners LLC acquired a new stake in United Rentals in the 4th quarter worth about $171,733,000. Raymond James Financial Inc. purchased a new stake in United Rentals during the 4th quarter worth approximately $164,493,000. Alliancebernstein L.P. raised its holdings in shares of United Rentals by 16.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after acquiring an additional 172,340 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in shares of United Rentals by 207.8% during the fourth quarter. TD Asset Management Inc. now owns 234,366 shares of the construction company's stock valued at $165,097,000 after acquiring an additional 158,214 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the firm'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 directly owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

Several brokerages recently commented on URI. JPMorgan Chase & Co. dropped their price target on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a research report on Monday. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Morgan Stanley decreased their price target 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. Truist Financial dropped their price objective on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price objective for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, United Rentals has an average rating of "Hold" and an average price target of $734.29.

United Rentals Trading Up 0.1 %

NYSE:URI traded up $0.82 on Tuesday, reaching $597.65. The company's stock had a trading volume of 530,774 shares, compared to its average volume of 590,164. The firm has a market cap of $39.05 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth 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 12-month low of $525.91 and a 12-month high of $896.98. The stock has a 50 day moving average price of $638.42 and a 200 day moving average price of $737.67.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 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%. On average, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is 18.48%.

About United Rentals

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.