United Rentals, Inc. (NYSE:URI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,392,535 shares of the construction company's stock after selling 17,142 shares during the period. Vanguard Group Inc. owned 11.32% of United Rentals worth $5,207,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of URI. Rialto Wealth Management LLC purchased a new position in United Rentals in the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the fourth quarter worth $26,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the fourth quarter worth $33,000. Kestra Investment Management LLC purchased a new position in shares of United Rentals in the fourth quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new stake in United Rentals during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on URI. JPMorgan Chase & Co. upped 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 report on Friday, January 31st. Truist Financial reissued a "buy" rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and dropped their price objective for the stock from $705.00 to $666.00 in a report on Tuesday. Evercore ISI cut their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Bank of America dropped their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and an average target price of $804.15.

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Insiders Place Their Bets

In related news, CFO William E. Grace sold 1,100 shares of the 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 transaction, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by insiders.

United Rentals Stock Performance

Shares of NYSE URI traded up $6.63 during mid-day trading on Tuesday, hitting $653.71. The company had a trading volume of 693,836 shares, compared to its average volume of 548,274. The stock has a market cap of $42.69 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.43 and a beta of 1.76. The firm's 50 day simple moving average is $694.07 and its two-hundred day simple moving average is $756.62. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its 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 net margin of 16.78% and a return on equity of 34.21%. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.10%. This is a positive change from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals's payout ratio is presently 18.48%.

United Rentals Company 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.