Robeco Institutional Asset Management B.V. Sells 6,026 Shares of United Rentals, Inc. (NYSE:URI)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 25.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,510 shares of the construction company's stock after selling 6,026 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in United Rentals were worth $14,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in URI. Opes Wealth Management LLC acquired a new position in United Rentals in the third quarter worth approximately $206,000. BSW Wealth Partners raised its holdings in shares of United Rentals by 18.0% during the 3rd quarter. BSW Wealth Partners now owns 543 shares of the construction company's stock valued at $440,000 after purchasing an additional 83 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its holdings in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Conning Inc. increased its position in United Rentals by 120.5% during the third quarter. Conning Inc. now owns 1,129 shares of the construction company's stock worth $914,000 after buying an additional 617 shares during the last quarter. Finally, Realta Investment Advisors bought a new position in United Rentals during the third quarter valued at about $230,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research report on Thursday, October 3rd. Truist Financial lifted their target price on shares of United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Evercore ISI upped their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Bank of America lifted their price objective on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Citigroup increased their price objective on United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $742.50.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 0.00 % 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 company insiders.

United Rentals Trading Down 1.7 %

NYSE:URI traded down $15.26 during trading hours on Thursday, hitting $865.06. 315,111 shares of the stock were exchanged, compared to its average volume of 547,662. The company's 50 day moving average is $786.47 and its two-hundred day moving average is $717.04. The company has a market capitalization of $56.77 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $435.80 and a twelve month high of $888.62. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the company earned $11.73 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 43.66 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is 17.03%.

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.