Wellington Management Group LLP Has $588,000 Stock Position in United Rentals, Inc. (NYSE:URI)

Wellington Management Group LLP reduced its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 84.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 834 shares of the construction company's stock after selling 4,449 shares during the period. Wellington Management Group LLP's holdings in United Rentals were worth $588,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in URI. Rialto Wealth Management LLC acquired a new position in United Rentals during the fourth quarter worth about $25,000. ORG Wealth Partners LLC purchased a new position in United Rentals in the 4th quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals during the fourth quarter worth $27,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the 4th quarter worth $33,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Up 1.0 %

United Rentals stock traded up $5.57 during mid-day trading on Friday, hitting $590.80. The company's stock had a trading volume of 367,847 shares, compared to its average volume of 588,443. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a market cap of $38.60 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. 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 firm's 50 day moving average is $628.94 and its 200 day moving average is $733.62.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.21%. United Rentals's dividend payout ratio (DPR) is presently 18.48%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on URI. Citigroup reduced their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their target price for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. UBS Group lowered shares of United Rentals from a "buy" rating to a "sell" rating and cut their price objective for the company from $910.00 to $485.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Evercore ISI decreased their price objective on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, United Rentals currently has a consensus rating of "Moderate Buy" and an average target price of $729.79.

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the business'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 value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.