BTG Pactual Asset Management US LLC Buys 497 Shares of United Rentals, Inc. (NYSE:URI)

BTG Pactual Asset Management US LLC raised its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,351 shares of the construction company's stock after acquiring an additional 497 shares during the period. BTG Pactual Asset Management US LLC's holdings in United Rentals were worth $2,361,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in URI. Wilmington Savings Fund Society FSB acquired a new stake in United Rentals in the third quarter worth approximately $2,147,000. Tidal Investments LLC boosted its stake in United Rentals by 8.1% during the third quarter. Tidal Investments LLC now owns 8,295 shares of the construction company's stock valued at $6,717,000 after buying an additional 624 shares in the last quarter. Synovus Financial Corp grew its holdings in United Rentals by 8.4% during the third quarter. Synovus Financial Corp now owns 634 shares of the construction company's stock worth $513,000 after acquiring an additional 49 shares during the period. Franklin Resources Inc. lifted its holdings in United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock valued at $862,110,000 after acquiring an additional 57,002 shares during the last quarter. Finally, American Trust boosted its position in shares of United Rentals by 206.3% during the 3rd quarter. American Trust now owns 1,207 shares of the construction company's stock valued at $977,000 after purchasing an additional 813 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.53% of the stock is owned by company insiders.

United Rentals Stock Up 1.0 %

Shares of NYSE:URI traded up $5.57 during midday trading on Friday, hitting $590.80. 367,847 shares of the stock were exchanged, compared to its average volume of 588,088. The business's fifty day simple moving average is $632.19 and its two-hundred day simple moving average is $735.11. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a market capitalization of $38.60 billion, a PE ratio of 15.25, a P/E/G ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 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 predict 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. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.21%. United Rentals's dividend payout ratio is currently 18.48%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. 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 research report on Friday, March 21st. Truist Financial reduced their target price on United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. UBS Group cut United Rentals from a "buy" rating to a "sell" rating and dropped their price target for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.