Keeley Teton Advisors LLC Decreases Holdings in United Rentals, Inc. (NYSE:URI)

Keeley Teton Advisors LLC cut its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,509 shares of the construction company's stock after selling 756 shares during the quarter. Keeley Teton Advisors LLC's holdings in United Rentals were worth $3,881,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of URI. Geode Capital Management LLC raised its holdings in shares of United Rentals by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock worth $1,115,142,000 after buying an additional 20,401 shares during the last quarter. Alliancebernstein L.P. grew its stake in United Rentals by 16.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after purchasing an additional 172,340 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of United Rentals by 9.8% in the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after purchasing an additional 97,336 shares during the last quarter. Norges Bank acquired a new stake in shares of United Rentals during the fourth quarter worth about $695,716,000. Finally, Invesco Ltd. increased its holdings in United Rentals by 7.4% in the 4th quarter. Invesco Ltd. now owns 922,452 shares of the construction company's stock worth $649,813,000 after buying an additional 63,657 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock traded up $5.57 on Friday, hitting $590.80. 367,847 shares of the company were exchanged, compared to its average volume of 588,443. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. 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 stock has a market capitalization of $38.60 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The company has a 50-day moving average price of $628.94 and a 200 day moving average price of $733.62.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal 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 given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.21%. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's payout ratio is currently 18.48%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on URI. 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 report on Tuesday, March 25th. Truist Financial decreased their price objective on United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Bank of America decreased their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. UBS Group cut shares of United Rentals from a "buy" rating to a "sell" rating and dropped their price objective for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Finally, Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $729.79.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company'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 directly owns 6,880 shares in the company, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.