Trustmark National Bank Trust Department Grows Position in United Rentals, Inc. (NYSE:URI)

Trustmark National Bank Trust Department raised its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,455 shares of the construction company's stock after buying an additional 633 shares during the period. Trustmark National Bank Trust Department's holdings in United Rentals were worth $5,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in United Rentals by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock valued at $1,115,142,000 after acquiring an additional 20,401 shares during the period. Alliancebernstein L.P. increased its position in United Rentals by 16.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock worth $880,778,000 after acquiring an additional 172,340 shares during the period. Franklin Resources Inc. boosted its holdings in United Rentals by 9.8% in the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock valued at $770,199,000 after purchasing an additional 97,336 shares during the period. Norges Bank bought a new position in United Rentals during the 4th quarter worth $695,716,000. Finally, Invesco Ltd. raised its stake in United Rentals by 7.4% in the fourth quarter. Invesco Ltd. now owns 922,452 shares of the construction company's stock valued at $649,813,000 after purchasing an additional 63,657 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by corporate insiders.

United Rentals Price Performance

Shares of URI stock traded up $5.57 during trading hours on Friday, hitting $590.80. 367,847 shares of the company's stock were exchanged, compared to its average volume of 588,088. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The company has a market capitalization of $38.60 billion, a PE ratio of 15.25, a PEG ratio of 1.43 and a beta of 1.72. The business's 50 day simple moving average is $632.19 and its 200-day simple moving average is $735.11. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

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

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors 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 1.21%. 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 payout ratio is 18.48%.

Analyst Ratings Changes

A number of equities analysts have recently commented on URI shares. Truist Financial lowered their price target on United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their price objective for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Bank of America dropped their target price on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Evercore ISI reduced 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $729.79.

United Rentals 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.