Keeley Teton Advisors LLC Sells 756 Shares of United Rentals, Inc. (NYSE:URI)

Keeley Teton Advisors LLC reduced its stake in United Rentals, Inc. (NYSE:URI) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,509 shares of the construction company’s stock after selling 756 shares during the quarter. Keeley Teton Advisors LLC’s holdings in United Rentals were worth $3,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in URI. Norges Bank acquired a new position in shares of United Rentals during the fourth quarter worth about $695,716,000. Proficio Capital Partners LLC acquired a new position in United Rentals during the 4th quarter worth approximately $171,733,000. Raymond James Financial Inc. bought a new position in shares of United Rentals during the 4th quarter worth approximately $164,493,000. Alliancebernstein L.P. raised its holdings in shares of United Rentals by 16.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company’s stock valued at $880,778,000 after purchasing an additional 172,340 shares during the last quarter. Finally, TD Asset Management Inc. lifted its position in shares of United Rentals by 207.8% in the fourth quarter. TD Asset Management Inc. now owns 234,366 shares of the construction company’s stock worth $165,097,000 after purchasing an additional 158,214 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America lowered their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Sanford C. Bernstein raised United Rentals from an “underperform” rating to a “market perform” rating and lowered their target price for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Truist Financial reduced their price target on United Rentals from $956.00 to $732.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on United Rentals from $1,000.00 to $750.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $734.29.

United Rentals Stock Performance

NYSE:URI opened at $596.66 on Tuesday. 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 firm has a market capitalization of $38.98 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The stock’s 50-day simple moving average is $641.47 and its 200 day simple moving average is $738.65.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS 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, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.20%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is currently 18.48%.

Insider Activity at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the firm’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 completion of the transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by company insiders.

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.