Cornerstone Investment Partners LLC Sells 143 Shares of United Rentals, Inc. (NYSE:URI)

Cornerstone Investment Partners LLC trimmed its stake in United Rentals, Inc. (NYSE:URI) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,658 shares of the construction company’s stock after selling 143 shares during the quarter. United Rentals accounts for about 2.1% of Cornerstone Investment Partners LLC’s holdings, making the stock its 23rd largest position. Cornerstone Investment Partners LLC’s holdings in United Rentals were worth $42,730,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI boosted its stake in United Rentals by 30.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 605 shares of the construction company’s stock worth $428,000 after purchasing an additional 140 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in United Rentals by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock worth $313,627,000 after purchasing an additional 6,787 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in United Rentals by 11.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,589 shares of the construction company’s stock worth $4,642,000 after purchasing an additional 693 shares in the last quarter. Unified Investment Management acquired a new position in United Rentals in the fourth quarter worth $1,706,000. Finally, Fidelis Capital Partners LLC boosted its stake in United Rentals by 102.3% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,250 shares of the construction company’s stock worth $923,000 after purchasing an additional 632 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on URI shares. JPMorgan Chase & Co. boosted 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. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Truist Financial reaffirmed a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Finally, Citigroup cut their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Trading Down 3.9 %

NYSE URI opened at $617.44 on Tuesday. The company has a market capitalization of $40.32 billion, a PE ratio of 15.93, a P/E/G ratio of 1.43 and a beta of 1.68. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a 50-day simple moving average of $719.38 and a 200 day simple moving average of $767.93. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is currently 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.