United Rentals, Inc. (NYSE:URI) Shares Acquired by Groupama Asset Managment

Groupama Asset Managment boosted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 25.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,586 shares of the construction company's stock after buying an additional 12,219 shares during the quarter. Groupama Asset Managment owned approximately 0.09% of United Rentals worth $42,773,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in URI. GHP Investment Advisors Inc. grew its stake in United Rentals by 6.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock worth $10,464,000 after purchasing an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Rentals by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after buying an additional 6,787 shares during the period. Fiduciary Alliance LLC grew its position in shares of United Rentals by 196.5% during the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after buying an additional 941 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in shares of United Rentals during the fourth quarter valued at $649,000. Finally, Nordea Investment Management AB raised its holdings in shares of United Rentals by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock valued at $517,018,000 after acquiring an additional 52,037 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

United Rentals Stock Performance

NYSE URI traded down $54.90 during trading hours on Thursday, reaching $591.27. The stock had a trading volume of 760,606 shares, compared to its average volume of 568,866. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The stock has a fifty day moving average of $678.19 and a 200 day moving average of $753.23. 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 stock has a market cap of $38.63 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share 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 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 was Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is 18.48%.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the firm'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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

URI has been the topic of several recent research reports. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Citigroup reduced their target price on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their price target for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus target price of $804.15.

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.