Marshall Wace LLP Has $384.74 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Marshall Wace LLP raised its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 105.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 546,165 shares of the construction company's stock after buying an additional 280,502 shares during the quarter. United Rentals comprises 0.5% of Marshall Wace LLP's portfolio, making the stock its 21st largest position. Marshall Wace LLP owned approximately 0.84% of United Rentals worth $384,740,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

URI has been the subject of a number of research reports. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and decreased their target price for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Truist Financial reduced their price target on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $729.79.

United Rentals Price Performance

NYSE URI traded up $5.57 on Friday, reaching $590.80. The company's stock had a trading volume of 367,847 shares, compared to its average volume of 588,443. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The firm's 50 day moving average is $628.94 and its two-hundred day moving average is $733.62. The stock has a market cap of $38.60 billion, a PE ratio of 15.25, a PEG ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results 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 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 EPS for the current 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 given a dividend of $1.79 per share. 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.21%. United Rentals's payout ratio is 18.48%.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.