United Rentals, Inc. (NYSE:URI) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. trimmed its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 27.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,574 shares of the construction company's stock after selling 2,115 shares during the period. Scotia Capital Inc.'s holdings in United Rentals were worth $3,927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Rialto Wealth Management LLC purchased a new position in United Rentals during the fourth quarter worth about $25,000. ORG Wealth Partners LLC acquired a new position in shares of United Rentals in the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. increased its holdings in United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in United Rentals in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Activity

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 value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.53% of the company's stock.

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United Rentals Stock Up 0.1 %

URI traded up $0.82 on Tuesday, reaching $597.65. The company's stock had a trading volume of 530,774 shares, compared to its average volume of 590,164. The company has a market capitalization of $39.05 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. 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 stock has a 50 day moving average of $641.47 and a two-hundred day moving average of $738.65.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results 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 net margin of 16.78% and a return on equity of 34.21%. As a group, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from United Rentals's previous quarterly dividend of $1.63. United Rentals's payout ratio is 18.48%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on URI. Truist Financial dropped their price objective on United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Citigroup cut their price target on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. UBS Group lowered shares of United Rentals from a "buy" rating to a "sell" rating and lowered their price objective for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Finally, Bank of America dropped their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $734.29.

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.