DnB Asset Management AS Sells 6,756 Shares of United Rentals, Inc. (NYSE:URI)

DnB Asset Management AS reduced its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 28.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,339 shares of the construction company's stock after selling 6,756 shares during the period. DnB Asset Management AS's holdings in United Rentals were worth $12,214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Rentals by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock valued at $313,627,000 after purchasing an additional 6,787 shares during the last quarter. Fiduciary Alliance LLC boosted its stake in United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after purchasing an additional 941 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at $649,000. Finally, Nordea Investment Management AB increased its stake in shares of United Rentals by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock valued at $517,018,000 after buying an additional 52,037 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

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

United Rentals Stock Down 7.6 %

Shares of URI stock traded down $49.02 during trading on Thursday, reaching $597.15. The company's stock had a trading volume of 288,638 shares, compared to its average volume of 688,660. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. The business has a fifty day moving average price of $678.19 and a 200-day moving average price of $753.23. The company has a market cap of $39.01 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last posted 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 return on equity of 34.21% and a net margin of 16.78%. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio is currently 18.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on URI shares. Morgan Stanley dropped their target price on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Citigroup decreased their price target on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Evercore ISI cut their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average 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.