United Rentals, Inc. (NYSE:URI) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 69.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,345 shares of the construction company's stock after selling 5,381 shares during the quarter. Guggenheim Capital LLC's holdings in United Rentals were worth $1,652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. GHP Investment Advisors Inc. lifted its holdings in United Rentals by 6.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock valued at $10,464,000 after acquiring an additional 877 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of United Rentals by 1.5% in the fourth 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 period. Fiduciary Alliance LLC boosted its holdings in United Rentals by 196.5% during the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after buying an additional 941 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in United Rentals during the fourth quarter worth about $649,000. Finally, Nordea Investment Management AB increased its holdings in 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 hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on URI. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI cut their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research report on Wednesday, April 16th. Finally, Truist Financial cut their price objective on United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $729.79.

United Rentals Trading Up 9.9 %

Shares of NYSE URI traded up $58.45 during midday trading on Thursday, hitting $647.66. The stock had a trading volume of 1,370,088 shares, compared to its average volume of 593,238. 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, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a market capitalization of $42.31 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.43 and a beta of 1.72. The company has a fifty day moving average price of $619.53 and a 200 day moving average price of $729.21.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. On average, analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.11%. United Rentals's dividend payout ratio (DPR) is 18.48%.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was 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 in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.

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.