United Rentals, Inc. (NYSE:URI) Shares Purchased by Ethic Inc.

Ethic Inc. lifted its position in United Rentals, Inc. (NYSE:URI) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,242 shares of the construction company’s stock after purchasing an additional 476 shares during the quarter. Ethic Inc.’s holdings in United Rentals were worth $4,397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. Principal Financial Group Inc. lifted its position in shares of United Rentals by 3.3% during the third quarter. Principal Financial Group Inc. now owns 79,235 shares of the construction company’s stock worth $64,159,000 after purchasing an additional 2,554 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of United Rentals by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,662 shares of the construction company’s stock valued at $3,989,000 after purchasing an additional 130 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the 4th quarter worth $26,000. Finally, Czech National Bank grew its stake in shares of United Rentals by 4.9% during the fourth quarter. Czech National Bank now owns 14,229 shares of the construction company’s stock worth $10,023,000 after purchasing an additional 664 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Up 0.4 %

United Rentals stock opened at $672.53 on Friday. The stock has a 50 day moving average of $616.74 and a two-hundred day moving average of $713.68. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The stock has a market capitalization of $43.71 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.43 and a beta of 1.70. 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) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. United Rentals’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $9.15 earnings per share. As a group, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.06%. United Rentals’s dividend payout ratio (DPR) is 18.54%.

Insider Buying and Selling

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on URI. Truist Financial upped their price objective on United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. UBS Group lowered shares of United Rentals from a “buy” rating to a “sell” rating and dropped their price target for the company from $910.00 to $485.00 in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and cut their price target for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Morgan Stanley upgraded shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price objective for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $725.69.

About United Rentals

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.