Northwest & Ethical Investments L.P. Sells 33,699 Shares of United Rentals, Inc. (NYSE:URI)

Northwest & Ethical Investments L.P. lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 98.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 597 shares of the construction company's stock after selling 33,699 shares during the period. Northwest & Ethical Investments L.P.'s holdings in United Rentals were worth $484,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock worth $1,300,962,000 after acquiring an additional 1,604,715 shares in the last quarter. AMF Tjanstepension AB raised its stake in shares of United Rentals by 77.7% during the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company's stock worth $295,626,000 after purchasing an additional 199,810 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of United Rentals by 259.3% during the 2nd quarter. Marshall Wace LLP now owns 150,152 shares of the construction company's stock valued at $97,108,000 after buying an additional 108,360 shares during the last quarter. AGF Management Ltd. grew its stake in shares of United Rentals by 4,778.7% in the 2nd quarter. AGF Management Ltd. now owns 103,672 shares of the construction company's stock valued at $67,048,000 after buying an additional 101,547 shares in the last quarter. Finally, FMR LLC raised its position in United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after acquiring an additional 85,325 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URI has been the topic of several analyst reports. Citigroup increased their price target on shares of United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Truist Financial increased their price objective on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Finally, Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, United Rentals currently has a consensus rating of "Hold" and a consensus price target of $751.67.

United Rentals Stock Performance

URI traded up $9.02 during trading on Friday, reaching $866.00. 201,375 shares of the company's stock were exchanged, compared to its average volume of 575,867. The company has a market capitalization of $56.83 billion, a P/E ratio of 22.62, a PEG ratio of 2.03 and a beta of 1.68. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The business has a 50 day moving average price of $828.46 and a 200 day moving average price of $737.98. United Rentals, Inc. has a fifty-two week low of $473.58 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.73 EPS. As a group, analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.75%. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

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.