United Rentals, Inc. (NYSE:URI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 552,226 shares of the construction company's stock after selling 235,651 shares during the period. JPMorgan Chase & Co. owned approximately 0.85% of United Rentals worth $389,010,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in United Rentals by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock valued at $1,264,326,000 after purchasing an additional 9,256 shares during the period. Franklin Resources Inc. raised its stake in shares of United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock valued at $862,110,000 after buying an additional 57,002 shares during the last quarter. Nordea Investment Management AB lifted its holdings 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 valued at $517,018,000 after buying an additional 52,037 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of United Rentals by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after buying an additional 6,787 shares during the last quarter. Finally, Amundi grew its holdings in United Rentals by 20.8% during the fourth quarter. Amundi now owns 286,731 shares of the construction company's stock worth $192,110,000 after acquiring an additional 49,421 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other United Rentals 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 transaction, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company's stock.

United Rentals Price Performance

NYSE URI traded down $56.72 during mid-day trading on Thursday, hitting $589.45. The stock had a trading volume of 239,256 shares, compared to its average volume of 688,116. The firm's 50 day moving average is $678.19 and its 200 day moving average is $753.23. 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 stock has a market capitalization of $38.51 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued 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%. Equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Wednesday, February 12th. United Rentals's payout ratio is currently 18.48%.

Analysts Set New Price Targets

A number of research analysts have issued reports on URI shares. Morgan Stanley decreased their price target on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Citigroup decreased their target price on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. 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 report on Friday, March 21st. Evercore ISI cut their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $804.15.

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.