Glenview Trust co Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Glenview Trust co grew its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,214 shares of the construction company's stock after purchasing an additional 1,883 shares during the period. Glenview Trust co's holdings in United Rentals were worth $10,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. raised its holdings in United Rentals by 6.3% in the 4th 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 during the period. Charles Schwab Investment Management Inc. raised its stake in shares of 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. Retireful LLC purchased a new position in shares of United Rentals during the 3rd quarter valued at approximately $697,000. Fiduciary Alliance LLC grew its stake in United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock valued at $1,000,000 after acquiring an additional 941 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company's stock worth $48,486,000 after acquiring an additional 54,750 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on URI. Truist Financial reaffirmed a "buy" rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Citigroup reduced their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Argus lifted their price target on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $829.00.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction dated 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 owns 6,880 shares of the company's stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is currently owned by company insiders.

United Rentals Trading Up 0.7 %

Shares of URI traded up $4.20 during midday trading on Thursday, reaching $631.14. The company had a trading volume of 555,284 shares, compared to its average volume of 548,748. United Rentals, Inc. has a 1-year low of $585.27 and a 1-year 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 50 day simple moving average of $698.05 and a 200-day simple moving average of $758.05. The stock has a market cap of $41.22 billion, a PE ratio of 16.29, 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 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%. Research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed 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 was Wednesday, February 12th. 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 1.13%. United Rentals's dividend payout ratio is currently 18.48%.

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.