United Rentals, Inc. (NYSE:URI) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 64.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,208 shares of the construction company’s stock after selling 72,017 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.06% of United Rentals worth $27,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new position in United Rentals in the fourth quarter valued at $25,000. ORG Wealth Partners LLC purchased a new position in shares of United Rentals during the fourth quarter worth about $26,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals in the 4th quarter valued at about $27,000. Hanson & Doremus Investment Management acquired a new position in United Rentals in the 4th quarter valued at about $33,000. Finally, Kestra Investment Management LLC purchased a new stake in United Rentals during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on URI. Morgan Stanley dropped their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Truist Financial reissued a “buy” rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $804.15.

United Rentals Price Performance

Shares of NYSE:URI opened at $647.27 on Thursday. The firm has a market capitalization of $42.29 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The business’s 50 day simple moving average is $678.19 and its 200-day simple moving average is $753.23. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last posted its 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%. As a group, equities analysts forecast 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. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by company insiders.

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.