Franklin Resources Inc. Raises Position in United Rentals, Inc. (NYSE:URI)

Franklin Resources Inc. lifted its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,093,350 shares of the construction company's stock after acquiring an additional 97,336 shares during the quarter. Franklin Resources Inc. owned approximately 1.67% of United Rentals worth $770,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GHP Investment Advisors Inc. boosted its stake in shares of United Rentals by 6.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock valued at $10,464,000 after purchasing an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in United Rentals by 1.5% during 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 holdings in 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 acquiring an additional 941 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in United Rentals in the 4th quarter valued at approximately $649,000. Finally, Nordea Investment Management AB raised its stake in shares of United Rentals by 7.6% during 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 during the last quarter. Institutional investors own 96.26% of the company's stock.

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United Rentals Stock Down 8.5 %

NYSE:URI traded down $54.90 during trading hours on Thursday, reaching $591.27. The company had a trading volume of 759,585 shares, compared to its average volume of 568,865. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a market cap of $38.63 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.43 and a beta of 1.76. The business's 50-day simple moving average is $678.19 and its two-hundred day simple moving average is $753.23.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company 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 an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.21%. United Rentals's payout ratio is currently 18.48%.

Insider Transactions at United Rentals

In other United Rentals 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on URI shares. Evercore ISI decreased their price objective on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Bank of America decreased their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and cut their price objective for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. Finally, Truist Financial restated a "buy" rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus price target of $804.15.

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.