Boston Partners grew its stake in United Rentals, Inc. (NYSE:URI – Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 774,347 shares of the construction company’s stock after acquiring an additional 29,675 shares during the quarter. Boston Partners’ holdings in United Rentals were worth $631,459,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aventura Private Wealth LLC purchased a new position in United Rentals during the 4th quarter worth $27,000. Core Wealth Advisors LLC purchased a new position in United Rentals during the 4th quarter worth $28,000. Abich Financial Wealth Management LLC purchased a new position in United Rentals during the 3rd quarter worth $29,000. Board of the Pension Protection Fund purchased a new position in United Rentals during the 4th quarter worth $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in United Rentals during the 4th quarter worth $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at United Rentals
In other news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, the executive vice president directly owned 14,774 shares of the company’s stock, valued at $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 26,088 shares of company stock valued at $25,628,877. Corporate insiders own 0.47% of the company’s stock.
United Rentals Trading Up 0.7%
United Rentals (NYSE:URI – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $8.86 EPS. As a group, research analysts predict that United Rentals, Inc. will post 47.26 earnings per share for the current year.
United Rentals Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s payout ratio is presently 20.10%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on URI shares. JPMorgan Chase & Co. boosted their target price on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a research report on Friday, April 24th. Robert W. Baird lifted their price target on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Barclays lifted their price target on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Finally, Truist Financial set a $1,209.00 price target on United Rentals in a research report on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $1,045.81.
Get Our Latest Stock Analysis on United Rentals
United Rentals Profile
United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.
The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.
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