Marietta Investment Partners LLC Sells 511 Shares of United Rentals, Inc. (NYSE:URI)

Marietta Investment Partners LLC trimmed its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,461 shares of the construction company's stock after selling 511 shares during the period. United Rentals accounts for approximately 1.5% of Marietta Investment Partners LLC's holdings, making the stock its 21st largest position. Marietta Investment Partners LLC's holdings in United Rentals were worth $6,665,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of URI. Rialto Wealth Management LLC purchased a new stake in United Rentals in the fourth quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter worth $26,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the fourth quarter valued at about $33,000. Kestra Investment Management LLC bought a new stake in United Rentals during the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new position in United Rentals in the 4th quarter worth approximately $36,000. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Up 0.8 %

Shares of URI stock traded up $5.49 on Tuesday, reaching $652.57. 210,780 shares of the company's stock were exchanged, compared to its average volume of 705,075. The company's fifty day simple moving average is $695.59 and its 200 day simple moving average is $756.81. The stock has a market capitalization of $42.62 billion, a PE ratio of 16.86, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98.

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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 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%. As a group, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.79 dividend. 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 dividend on an annualized basis and a dividend yield of 1.10%. United Rentals's payout ratio is presently 18.48%.

Analyst Upgrades and Downgrades

URI has been the topic of several research analyst reports. Evercore ISI lowered their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Citigroup reduced their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Bank of America dropped their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday. Finally, Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $804.15.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction dated Monday, February 24th. The shares were 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by insiders.

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.