Natixis Advisors LLC Cuts Stake in United Rentals, Inc. (NYSE:URI)

Natixis Advisors LLC lessened its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 62,494 shares of the construction company's stock after selling 762 shares during the period. Natixis Advisors LLC owned about 0.10% of United Rentals worth $44,023,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC purchased a new position in United Rentals in the 4th quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new position in United Rentals in the 4th quarter valued at approximately $26,000. Hanson & Doremus Investment Management purchased a new position in United Rentals in the 4th quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new position in United Rentals in the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management purchased a new position in United Rentals in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of United Rentals stock traded up $4.20 on Thursday, reaching $631.14. 555,284 shares of the stock were exchanged, compared to its average volume of 548,748. United Rentals, Inc. has a 1-year low of $585.27 and a 1-year high of $896.98. 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 business has a fifty day moving average price of $698.05 and a two-hundred day moving average price of $758.05. The firm has a market capitalization of $41.22 billion, a PE ratio of 16.29, a PEG ratio of 1.43 and a beta of 1.76.

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United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. 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 1.13%. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's payout ratio is currently 18.48%.

Analyst Ratings Changes

Several research firms have recently issued reports on URI. Robert W. Baird raised shares of 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. Morgan Stanley decreased their price objective on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Evercore ISI decreased their price objective on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Citigroup decreased their price objective 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of "Moderate Buy" and an average price target of $829.00.

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 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 owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.53% of the company's stock.

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.