United Rentals, Inc. (NYSE:URI) Holdings Lifted by Invesco Ltd.

Invesco Ltd. increased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 922,452 shares of the construction company's stock after acquiring an additional 63,657 shares during the period. Invesco Ltd. owned approximately 1.41% of United Rentals worth $649,813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in United Rentals by 7.6% in the third quarter. Integrated Wealth Concepts LLC now owns 355 shares of the construction company's stock valued at $288,000 after acquiring an additional 25 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in United Rentals by 17.6% in the third quarter. EP Wealth Advisors LLC now owns 1,697 shares of the construction company's stock valued at $1,374,000 after buying an additional 254 shares during the period. XTX Topco Ltd grew its stake in United Rentals by 428.8% during the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company's stock worth $1,370,000 after buying an additional 1,372 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of United Rentals by 13.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,860 shares of the construction company's stock valued at $3,936,000 after acquiring an additional 581 shares during the period. Finally, MML Investors Services LLC increased its holdings in United Rentals by 18.7% in the 3rd quarter. MML Investors Services LLC now owns 10,954 shares of the construction company's stock valued at $8,870,000 after purchasing an additional 1,726 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

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Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is owned by corporate insiders.

United Rentals Stock Up 0.3 %

NYSE:URI traded up $1.63 during mid-day trading on Friday, reaching $581.57. The stock had a trading volume of 769,125 shares, compared to its average volume of 589,193. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $38.00 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The stock's 50 day simple moving average is $644.29 and its two-hundred day simple moving average is $740.17.

United Rentals (NYSE:URI - Get Free Report) last released 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 return on equity of 34.21% and a net margin of 16.78%. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS 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 paid 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 yield of 1.23%. United Rentals's payout ratio is presently 18.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on URI shares. Citigroup lowered 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. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their target price for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. UBS Group downgraded shares of United Rentals from a "buy" rating to a "sell" rating and decreased their target price for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Finally, Bank of America dropped their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of "Hold" and a consensus price target of $752.14.

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.