Charles Schwab Investment Management Inc. Increases Stock Position in United Rentals, Inc. (NYSE:URI)

Charles Schwab Investment Management Inc. increased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 445,214 shares of the construction company's stock after purchasing an additional 6,787 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.68% of United Rentals worth $313,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of URI. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter worth about $26,000. Hanson & Doremus Investment Management purchased a new position in United Rentals during the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC bought a new position in shares of United Rentals in the fourth quarter worth approximately $34,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of United Rentals in the fourth quarter worth approximately $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of United Rentals during the 3rd quarter valued at $61,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Up 0.4 %

NYSE URI traded up $2.75 on Friday, hitting $628.63. 1,000,664 shares of the stock were exchanged, compared to its average volume of 727,954. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The firm has a market capitalization of $41.05 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. 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 fifty day moving average price of $712.93 and a two-hundred day moving average price of $765.21.

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United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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%. Research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed 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 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 yield of 1.14%. United Rentals's dividend payout ratio (DPR) is presently 18.48%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on URI shares. Argus upped their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, Morgan Stanley decreased their target price on United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $829.00.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by corporate insiders.

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.