Lyrical Asset Management LP Has $410.37 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Lyrical Asset Management LP lowered its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 582,544 shares of the construction company's stock after selling 12,695 shares during the quarter. United Rentals makes up approximately 6.1% of Lyrical Asset Management LP's holdings, making the stock its 2nd biggest position. Lyrical Asset Management LP owned about 0.89% of United Rentals worth $410,367,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in URI. Titleist Asset Management LLC purchased a new position in United Rentals during the fourth quarter valued at $246,000. Russell Investments Group Ltd. increased its holdings in United Rentals by 3.2% in the 4th quarter. Russell Investments Group Ltd. now owns 66,726 shares of the construction company's stock worth $47,026,000 after acquiring an additional 2,046 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in United Rentals by 46.9% during the fourth quarter. Wedbush Securities Inc. now owns 1,623 shares of the construction company's stock valued at $1,143,000 after purchasing an additional 518 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of United Rentals by 10.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 125,163 shares of the construction company's stock worth $88,170,000 after purchasing an additional 12,028 shares during the period. Finally, Aviva PLC boosted its holdings in United Rentals by 1.3% in the 4th quarter. Aviva PLC now owns 137,006 shares of the construction company's stock worth $96,513,000 after buying an additional 1,766 shares during the period. Institutional investors own 96.26% of the company's stock.

Remove Ads

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 6,880 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.51% of the company's stock.

Analysts Set New Price Targets

URI has been the topic of a number of recent analyst reports. Robert W. Baird raised 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. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI cut their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. increased their price objective 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. Finally, Morgan Stanley cut their price objective on 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $752.14.

United Rentals Trading Down 0.8 %

Shares of NYSE URI traded down $4.67 during trading hours on Friday, hitting $575.28. 247,334 shares of the company traded hands, compared to its average volume of 587,194. The company's 50 day moving average price is $647.74 and its 200 day moving average price is $742.14. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The stock has a market capitalization of $37.58 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. 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 posted 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 fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.24%. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio (DPR) is presently 18.48%.

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.