Rhumbline Advisers Sells 2,859 Shares of United Rentals, Inc. (NYSE:URI)

Rhumbline Advisers lowered its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,277 shares of the construction company's stock after selling 2,859 shares during the quarter. Rhumbline Advisers owned about 0.20% of United Rentals worth $92,477,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of URI. Adell Harriman & Carpenter Inc. grew its position in shares of United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after purchasing an additional 14 shares in the last quarter. V Square Quantitative Management LLC grew its position in United Rentals by 13.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,475 shares of the construction company's stock worth $1,743,000 after buying an additional 291 shares in the last quarter. Avestar Capital LLC increased its stake in United Rentals by 9.4% during the 4th quarter. Avestar Capital LLC now owns 373 shares of the construction company's stock worth $263,000 after acquiring an additional 32 shares during the period. Hemington Wealth Management raised its holdings in United Rentals by 19.8% in the 4th quarter. Hemington Wealth Management now owns 97 shares of the construction company's stock valued at $68,000 after acquiring an additional 16 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of United Rentals during the 4th quarter valued at $144,000. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on URI shares. Truist Financial reaffirmed a "buy" rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Argus increased their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Citigroup lowered 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. Morgan Stanley reduced their target price on United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $829.00.

United Rentals Trading Down 1.7 %

URI traded down $11.93 during trading on Wednesday, reaching $708.42. 635,341 shares of the company's stock were exchanged, compared to its average volume of 660,535. 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 one year low of $596.48 and a one year high of $896.98. The stock has a market capitalization of $46.27 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68. The firm has a fifty day moving average price of $737.38 and a two-hundred day moving average price of $770.38.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data 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, equities research analysts forecast that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. 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 yield of 1.01%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is presently 18.48%.

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.