Ossiam Grows Position in United Rentals, Inc. (NYSE:URI)

Ossiam increased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 3,727.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,378 shares of the construction company's stock after acquiring an additional 1,342 shares during the period. Ossiam's holdings in United Rentals were worth $971,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Rialto Wealth Management LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter valued at about $26,000. Murphy & Mullick Capital Management Corp bought a new position in United Rentals during the fourth quarter worth about $27,000. Meeder Asset Management Inc. boosted its holdings in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after buying an additional 29 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in shares of United Rentals in the 4th quarter valued at about $33,000. Institutional investors own 96.26% of the company's stock.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction on 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 directly owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird increased their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research note on Friday. Truist Financial upped their price objective on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday. 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. Finally, Bank of America decreased their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, United Rentals has an average rating of "Moderate Buy" and a consensus price target of $727.43.

United Rentals Stock Down 2.0 %

Shares of URI stock traded down $12.66 on Friday, reaching $634.70. 812,363 shares of the company were exchanged, compared to its average volume of 593,940. The company has a 50-day moving average of $617.66 and a 200-day moving average of $728.14. The company has a market cap of $41.47 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.43 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.13%. United Rentals's payout ratio is presently 18.54%.

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.