LSV Asset Management Cuts Stake in United Rentals, Inc. (NYSE:URI)

LSV Asset Management reduced its position in United Rentals, Inc. (NYSE:URI - Free Report) by 94.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 300 shares of the construction company's stock after selling 5,000 shares during the period. LSV Asset Management's holdings in United Rentals were worth $211,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in shares of United Rentals in the fourth quarter worth about $25,000. ORG Wealth Partners LLC bought a new position in United Rentals in the fourth quarter worth $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals during the 4th quarter valued at about $27,000. Meeder Asset Management Inc. lifted its holdings in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in United Rentals in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. 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 corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on URI shares. Evercore ISI decreased their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Truist Financial decreased their target price on United Rentals from $956.00 to $732.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America cut 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. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, UBS Group downgraded United Rentals from a "buy" rating to a "sell" rating and cut their price objective for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, United Rentals currently has a consensus rating of "Moderate Buy" and an average target price of $729.79.

United Rentals Stock Performance

Shares of NYSE URI traded up $5.57 during midday trading on Friday, reaching $590.80. 367,847 shares of the company were exchanged, compared to its average volume of 588,443. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a fifty day simple moving average of $628.94 and a 200 day simple moving average of $733.62. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The stock has a market cap of $38.60 billion, a P/E ratio of 15.25, a PEG ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. 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. The ex-dividend date was Wednesday, February 12th. United Rentals's payout ratio is presently 18.48%.

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.