Arrowstreet Capital Limited Partnership Has $27.62 Million Holdings in United Rentals, Inc. (NYSE:URI)

Arrowstreet Capital Limited Partnership cut its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 64.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 39,208 shares of the construction company's stock after selling 72,017 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.06% of United Rentals worth $27,620,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of URI. Rialto Wealth Management LLC acquired a new position in United Rentals in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals during the 4th quarter valued at approximately $27,000. Hanson & Doremus Investment Management bought a new position in United Rentals during the 4th quarter worth $33,000. Finally, Kestra Investment Management LLC acquired a new stake in United Rentals in the fourth quarter worth $34,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URI has been the subject of several recent research reports. Citigroup lowered their price target on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Truist Financial restated a "buy" rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Bank of America lowered their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Morgan Stanley reduced their price target on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $804.15.

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Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by company insiders.

United Rentals Price Performance

Shares of NYSE URI traded down $26.61 during midday trading on Friday, reaching $564.56. The company's stock had a trading volume of 1,180,723 shares, compared to its average volume of 572,625. United Rentals, Inc. has a one year low of $545.37 and a one year high of $896.98. The company has a market cap of $36.88 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The company has a 50 day moving average price of $669.75 and a 200 day moving average price of $750.88. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $1.79 dividend. 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 dividend yield of 1.27%. United Rentals's dividend payout ratio (DPR) is 18.48%.

About United Rentals

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.