United Rentals, Inc. (NYSE:URI) Shares Acquired by Prudential PLC

Prudential PLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,424 shares of the construction company's stock after acquiring an additional 1,286 shares during the period. Prudential PLC's holdings in United Rentals were worth $15,092,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of URI. Geode Capital Management LLC raised its stake in shares of United Rentals by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock worth $1,115,142,000 after buying an additional 20,401 shares during the period. 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 valued at $880,778,000 after acquiring an additional 172,340 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of United Rentals by 9.8% in the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock valued at $770,199,000 after acquiring an additional 97,336 shares in the last quarter. Norges Bank acquired a new position in United Rentals in the 4th quarter valued at $695,716,000. Finally, JPMorgan Chase & Co. lifted its holdings in United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after purchasing an additional 105,287 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

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Analysts Set New Price Targets

URI has been the subject of a number of research reports. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price for the company in a report on Tuesday, January 14th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their target price for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Morgan Stanley dropped their price target on 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. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Truist Financial restated a "buy" rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of "Hold" and a consensus price target of $781.36.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals 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 completion of the sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.53% of the company's stock.

United Rentals Trading Down 0.8 %

NYSE URI traded down $4.63 on Monday, reaching $559.94. The stock had a trading volume of 1,182,798 shares, compared to its average volume of 576,268. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $36.58 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 12-month low of $531.63 and a 12-month high of $896.98. The stock has a fifty day moving average price of $665.55 and a two-hundred day moving average price of $748.93.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate 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 forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase 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 1.28%. United Rentals's dividend payout ratio is currently 18.48%.

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.