United Rentals, Inc. (NYSE:URI) Shares Sold by United Capital Management of KS Inc.

United Capital Management of KS Inc. reduced its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,065 shares of the construction company's stock after selling 563 shares during the period. United Rentals accounts for about 1.2% of United Capital Management of KS Inc.'s investment portfolio, making the stock its 29th largest position. United Capital Management of KS Inc.'s holdings in United Rentals were worth $6,386,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. lifted its position in United Rentals by 6.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock valued at $10,464,000 after buying an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 valued at $313,627,000 after buying an additional 6,787 shares in the last quarter. Retireful LLC acquired a new position in United Rentals during the third quarter valued at approximately $697,000. Fiduciary Alliance LLC lifted its position in 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 buying an additional 941 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in 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 valued at $48,486,000 after buying an additional 54,750 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of brokerages have weighed in on URI. Citigroup reduced their price target on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Truist Financial reiterated a "buy" rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $829.00.

United Rentals Stock Up 3.0 %

Shares of NYSE:URI traded up $18.36 during midday trading on Wednesday, reaching $627.42. The company had a trading volume of 524,510 shares, compared to its average volume of 548,409. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock's fifty day moving average price is $698.93 and its 200-day moving average price is $758.97. The stock has a market capitalization of $40.97 billion, a P/E ratio of 16.19, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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%. Equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, February 12th. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's payout ratio is currently 18.48%.

Insiders Place Their Bets

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