Royal London Asset Management Ltd. Buys 1,438 Shares of United Rentals, Inc. (NYSE:URI)

Royal London Asset Management Ltd. boosted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,911 shares of the construction company's stock after purchasing an additional 1,438 shares during the period. Royal London Asset Management Ltd. owned about 0.13% of United Rentals worth $61,928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of URI. Rialto Wealth Management LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $25,000. ORG Wealth Partners LLC purchased a new position in United Rentals in the fourth quarter valued at about $26,000. Hanson & Doremus Investment Management bought a new position in shares of United Rentals during the 4th quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new stake in shares of United Rentals during the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of United Rentals in the 4th quarter worth approximately $36,000. Institutional investors own 96.26% of the company's stock.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on URI. Bank of America lowered their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Citigroup reduced their target price on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Evercore ISI dropped their price target on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and an average target price of $804.15.

United Rentals Price Performance

NYSE URI traded up $6.63 during trading on Tuesday, reaching $653.71. The company's stock had a trading volume of 693,836 shares, compared to its average volume of 547,776. The stock has a market capitalization of $42.69 billion, a PE ratio of 16.87, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The firm has a fifty day moving average of $695.59 and a 200 day moving average of $756.81. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98.

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 analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors 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 a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.10%. United Rentals's payout ratio is 18.48%.

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.