Whittier Trust Co. of Nevada Inc. Has $15.78 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,399 shares of the construction company's stock after purchasing an additional 1,665 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in United Rentals were worth $15,779,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in URI. GSA Capital Partners LLP increased its stake in United Rentals by 54.2% in the third quarter. GSA Capital Partners LLP now owns 589 shares of the construction company's stock valued at $477,000 after acquiring an additional 207 shares during the period. OneDigital Investment Advisors LLC lifted its position in United Rentals by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 650 shares of the construction company's stock worth $526,000 after buying an additional 20 shares in the last quarter. Quest Partners LLC lifted its position in United Rentals by 4.5% during the 3rd quarter. Quest Partners LLC now owns 890 shares of the construction company's stock worth $721,000 after buying an additional 38 shares in the last quarter. Prospera Financial Services Inc grew its holdings in United Rentals by 20.1% during the 3rd quarter. Prospera Financial Services Inc now owns 933 shares of the construction company's stock worth $756,000 after acquiring an additional 156 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in United Rentals by 11.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 757 shares of the construction company's stock valued at $613,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

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Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company's stock.

United Rentals Trading Up 1.0 %

Shares of URI traded up $6.63 during trading hours on Tuesday, reaching $653.71. The stock had a trading volume of 693,836 shares, compared to its average volume of 547,776. The firm has a 50-day moving average of $695.59 and a 200 day moving average of $756.81. 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 company has a market cap of $42.69 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued 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 annualized dividend and a yield of 1.10%. United Rentals's dividend payout ratio is presently 18.48%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley lowered their target price on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Truist Financial reiterated 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. Finally, Sanford C. Bernstein raised 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $804.15.

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.