United Rentals, Inc. (NYSE:URI) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,726 shares of the construction company's stock after buying an additional 2,046 shares during the period. Russell Investments Group Ltd. owned 0.10% of United Rentals worth $47,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new stake in United Rentals during the 4th quarter valued at $26,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals in the 4th quarter worth $27,000. Meeder Asset Management Inc. grew its position in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after buying an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in shares of United Rentals during the fourth quarter valued at $33,000. Institutional investors own 96.26% of the company's stock.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.51% of the company's stock.

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United Rentals Price Performance

NYSE URI traded up $1.63 on Friday, hitting $581.57. The company had a trading volume of 769,125 shares, compared to its average volume of 589,214. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. 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 $38.00 billion, a PE ratio of 15.01, a PEG ratio of 1.43 and a beta of 1.72. The company's fifty day moving average price is $644.29 and its 200-day moving average price is $740.61.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, 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 $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.23%. United Rentals's dividend payout ratio (DPR) is 18.48%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on URI shares. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and dropped their target price for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Truist Financial cut their price objective on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating on the stock in a report on Tuesday. Citigroup lowered their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Bank of America decreased their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of "Hold" and an average target price of $752.14.

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.