Wealthfront Advisers LLC Sells 1,742 Shares of United Rentals, Inc. (NYSE:URI)

Wealthfront Advisers LLC decreased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,210 shares of the construction company's stock after selling 1,742 shares during the period. Wealthfront Advisers LLC's holdings in United Rentals were worth $5,079,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. increased its holdings in shares of United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock worth $10,464,000 after buying an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United Rentals by 1.5% in the 4th 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 during the last quarter. Retireful LLC bought a new position in shares of United Rentals in the 3rd quarter worth $697,000. Fiduciary Alliance LLC increased its holdings in shares of United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after buying an additional 941 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in shares of United Rentals by 1,067.5% in the 3rd 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 during the last quarter. Institutional investors own 96.26% of the company's stock.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company's stock.

United Rentals Trading Up 1.5 %

Shares of URI opened at $609.89 on Thursday. The stock has a market capitalization of $39.83 billion, a P/E ratio of 15.74, a PEG ratio of 1.43 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $705.09 and a two-hundred day simple moving average of $762.28. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98.

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United Rentals (NYSE:URI - Get Free Report) last announced 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 net margin of 16.78% and a return on equity of 34.21%. On average, research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.17%. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals's dividend payout ratio (DPR) is currently 18.48%.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Truist Financial reaffirmed a "buy" rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Finally, Evercore ISI reduced their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, United Rentals has an average rating of "Moderate Buy" and a consensus price target of $829.00.

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.

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