United Rentals, Inc. (NYSE:URI) Stock Holdings Lessened by Swiss National Bank

Swiss National Bank lowered its position in United Rentals, Inc. (NYSE:URI - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,900 shares of the construction company's stock after selling 10,700 shares during the quarter. Swiss National Bank owned 0.29% of United Rentals worth $131,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in URI. GHP Investment Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in United Rentals by 1.5% during the fourth 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 in the last quarter. Retireful LLC acquired a new position in shares of United Rentals in the third quarter worth $697,000. Fiduciary Alliance LLC boosted its stake in shares of United Rentals by 196.5% during the fourth 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 last quarter. Finally, Mizuho Securities USA LLC grew its holdings in shares of United Rentals by 1,067.5% during the third quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company's stock worth $48,486,000 after buying 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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United Rentals Stock Down 2.0 %

Shares of NYSE:URI traded down $12.20 during mid-day trading on Tuesday, hitting $608.51. 452,383 shares of the company traded hands, compared to its average volume of 547,833. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a 52-week low of $585.27 and a 52-week high of $896.98. The firm's 50 day simple moving average is $700.45 and its 200 day simple moving average is $759.90. The firm has a market cap of $39.74 billion, a P/E ratio of 15.70, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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 analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.18%. The ex-dividend date was Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on URI shares. JPMorgan Chase & Co. lifted their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Morgan Stanley dropped their price objective 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. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Truist Financial reaffirmed a "buy" rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $829.00.

Insider Transactions at United Rentals

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

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.