Trillium Asset Management LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Trillium Asset Management LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,699 shares of the construction company's stock, valued at approximately $8,946,000.

Several other large investors have also recently bought and sold shares of the stock. Xponance Inc. boosted its position in United Rentals by 3.6% during the fourth quarter. Xponance Inc. now owns 11,161 shares of the construction company's stock valued at $7,862,000 after purchasing an additional 387 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $2,304,000. Axxcess Wealth Management LLC lifted its position in shares of United Rentals by 7.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 582 shares of the construction company's stock valued at $410,000 after buying an additional 39 shares during the last quarter. TCTC Holdings LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $42,000. Finally, Signaturefd LLC lifted its position in shares of United Rentals by 15.9% in the fourth quarter. Signaturefd LLC now owns 1,767 shares of the construction company's stock valued at $1,245,000 after buying an additional 243 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction 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 transaction, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents 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.

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United Rentals Price Performance

United Rentals stock traded down $2.06 during mid-day trading on Friday, reaching $628.63. 766,930 shares of the company were exchanged, compared to its average volume of 547,569. The company has a fifty day simple moving average of $696.39 and a 200-day simple moving average of $756.77. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98. 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 market cap of $41.05 billion, a PE ratio of 16.22, a PEG ratio of 1.43 and a beta of 1.76.

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

United Rentals Increases Dividend

The business also recently disclosed 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 1.14%. 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 dividend payout ratio (DPR) is 18.48%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on URI shares. JPMorgan Chase & Co. raised their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Citigroup cut their price objective 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. Finally, Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $815.67.

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.