Schroder Investment Management Group Lowers Stock Position in United Rentals, Inc. (NYSE:URI)

Schroder Investment Management Group cut its position in United Rentals, Inc. (NYSE:URI - Free Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,753 shares of the construction company's stock after selling 1,494 shares during the quarter. Schroder Investment Management Group owned 0.07% of United Rentals worth $30,183,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new position in United Rentals in the 4th quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in United Rentals in the 4th quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals in the 4th quarter valued at approximately $27,000. Hanson & Doremus Investment Management bought a new position in shares of United Rentals during the fourth quarter valued at $33,000. Finally, Kestra Investment Management LLC acquired a new position in shares of United Rentals during the fourth quarter worth $34,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URI has been the subject of several analyst reports. Citigroup lowered their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Truist Financial reissued a "buy" rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $804.15.

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United Rentals Stock Down 8.5 %

Shares of NYSE URI traded down $54.90 during trading on Thursday, hitting $591.27. 760,606 shares of the company traded hands, compared to its average volume of 569,303. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The business's fifty day moving average is $674.26 and its 200 day moving average is $752.11. The firm has a market capitalization of $38.63 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly 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 return on equity of 34.21% and a net margin of 16.78%. Equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.21%. 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. United Rentals's payout ratio is 18.48%.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business'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 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 approximately $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company's stock.

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.