United Rentals, Inc. (NYSE:URI) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. cut its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,781 shares of the construction company's stock after selling 435 shares during the quarter. United Rentals makes up 1.8% of Lee Danner & Bass Inc.'s investment portfolio, making the stock its 8th largest position. Lee Danner & Bass Inc. owned about 0.05% of United Rentals worth $23,092,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in United Rentals during the fourth quarter worth about $25,000. ORG Wealth Partners LLC purchased a new position in shares of United Rentals during the 4th quarter worth about $26,000. Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals in the fourth quarter worth approximately $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals in the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in United Rentals during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

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United Rentals Stock Up 1.0 %

Shares of NYSE URI traded up $6.63 during trading on Tuesday, reaching $653.71. 693,836 shares of the stock were exchanged, compared to its average volume of 547,776. The business's 50-day moving average price is $695.59 and its 200 day moving average price is $756.81. The company has a market capitalization of $42.69 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth 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. 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 (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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%. As a group, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed 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 represents a $7.16 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is 18.48%.

Analyst Ratings Changes

URI has been the topic of a number of research analyst reports. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and lowered their price objective for the company from $705.00 to $666.00 in a research note on Tuesday. Evercore ISI lowered their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Bank of America cut their price objective on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Citigroup dropped 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 report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, United Rentals 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.