Vinva Investment Management Ltd Trims Stake in United Rentals, Inc. (NYSE:URI)

Vinva Investment Management Ltd reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 80.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 568 shares of the construction company's stock after selling 2,317 shares during the quarter. Vinva Investment Management Ltd's holdings in United Rentals were worth $401,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Trillium Asset Management LLC acquired a new stake in United Rentals in the 4th quarter valued at about $8,946,000. Xponance Inc. boosted its position in United Rentals by 3.6% during the fourth quarter. Xponance Inc. now owns 11,161 shares of the construction company's stock valued at $7,862,000 after purchasing an additional 387 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of United Rentals in the 4th quarter valued at approximately $2,304,000. Axxcess Wealth Management LLC increased its stake in shares of United Rentals by 7.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 582 shares of the construction company's stock worth $410,000 after purchasing an additional 39 shares during the last quarter. Finally, TCTC Holdings LLC bought a new position in United Rentals during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on URI shares. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Bank of America decreased their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday. Finally, Evercore ISI lowered their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $804.15.

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Insiders Place Their Bets

In related news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company's stock.

United Rentals Stock Up 1.0 %

Shares of URI traded up $6.63 during trading hours on Tuesday, reaching $653.71. 693,836 shares of the stock traded hands, compared to its average volume of 548,764. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The stock has a fifty day simple moving average of $694.07 and a 200 day simple moving average of $756.62. The company 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 company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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, equities analysts forecast 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. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is 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.