Thrivent Financial for Lutherans Reduces Stock Position in United Rentals, Inc. (NYSE:URI)

Thrivent Financial for Lutherans lessened its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 312,188 shares of the construction company's stock after selling 4,494 shares during the quarter. United Rentals makes up approximately 0.4% of Thrivent Financial for Lutherans' portfolio, making the stock its 28th biggest holding. Thrivent Financial for Lutherans owned 0.48% of United Rentals worth $220,036,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $26,000. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals in the 4th quarter worth approximately $33,000. Kestra Investment Management LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in United Rentals during the 4th quarter valued at $36,000. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

NYSE:URI traded down $2.06 during midday trading on Friday, hitting $628.63. The company had a trading volume of 766,930 shares, compared to its average volume of 547,161. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The stock's fifty day moving average price is $696.39 and its 200-day moving average price is $756.39. The company has a market capitalization of $41.05 billion, a PE ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

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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 (EPS) for the quarter, missing the consensus estimate 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, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current 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 given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.14%. This is a positive change from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's dividend payout ratio is presently 18.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on URI. 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 report on Friday, January 31st. Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Bank of America decreased their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley decreased their price target on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $815.67.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction dated Monday, February 24th. The shares were 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 in the company, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.