Cibc World Markets Corp Grows Stake in United Rentals, Inc. (NYSE:URI)

Cibc World Markets Corp increased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,405 shares of the construction company's stock after purchasing an additional 1,390 shares during the period. Cibc World Markets Corp's holdings in United Rentals were worth $7,330,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals in the 4th quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the 4th quarter worth about $26,000. Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals in the 4th quarter worth about $33,000. Kestra Investment Management LLC bought a new position in shares of United Rentals in the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management bought a new position in shares of United Rentals in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of URI stock traded down $2.06 on Friday, reaching $628.63. The stock had a trading volume of 766,930 shares, compared to its average volume of 547,161. The stock has a market cap of $41.05 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a 50 day simple moving average of $696.39 and a 200 day simple moving average of $756.39.

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United Rentals (NYSE:URI - Get Free Report) last announced its earnings results 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%. Equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.79 dividend. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

Analyst Ratings Changes

URI has been the subject of several research reports. Truist Financial reiterated a "buy" rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. Bank of America reduced their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday. Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Finally, Citigroup reduced their price target on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and a consensus price target of $815.67.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the firm's 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 directly owns 6,880 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by insiders.

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.