United Rentals, Inc. (NYSE:URI) Shares Sold by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,400 shares of the construction company's stock after selling 500 shares during the quarter. United Rentals makes up 0.7% of Supplemental Annuity Collective Trust of NJ's holdings, making the stock its 24th largest holding. Supplemental Annuity Collective Trust of NJ's holdings in United Rentals were worth $2,395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock worth $1,300,962,000 after acquiring an additional 1,604,715 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after purchasing an additional 105,287 shares during the period. FMR LLC increased its holdings in United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after buying an additional 85,325 shares during the period. The Manufacturers Life Insurance Company raised its stake in United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock worth $570,167,000 after buying an additional 66,957 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in United Rentals by 6.1% during the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock worth $862,110,000 after buying an additional 57,002 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on URI shares. Bank of America boosted their price target on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Morgan Stanley decreased their target price on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Finally, Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. One research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $814.08.

United Rentals Stock Performance

United Rentals stock traded down $19.65 during trading hours on Tuesday, hitting $721.61. 899,843 shares of the stock traded hands, compared to its average volume of 661,346. The firm's 50 day moving average price is $737.38 and its 200-day moving average price is $770.38. 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 stock has a market capitalization of $47.13 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.54 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate 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 analysts expect that United Rentals, Inc. will post 44.93 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.99%. This is a positive change from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is 16.83%.

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.