United Rentals, Inc. (NYSE:URI) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in shares of United Rentals, Inc. (NYSE:URIFree Report) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,938 shares of the construction company’s stock after selling 10,590 shares during the period. Intech Investment Management LLC owned 0.11% of United Rentals worth $41,824,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in United Rentals in the 4th quarter worth approximately $977,443,000. International Assets Investment Management LLC grew its stake in United Rentals by 58,829.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after acquiring an additional 1,041,281 shares during the period. Deutsche Bank AG grew its stake in United Rentals by 88.1% in the 3rd quarter. Deutsche Bank AG now owns 362,151 shares of the construction company’s stock worth $161,001,000 after acquiring an additional 169,586 shares during the period. Invesco Ltd. grew its stake in shares of United Rentals by 19.1% during the 3rd quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after buying an additional 149,838 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of United Rentals during the 3rd quarter valued at $40,634,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Stifel Nicolaus boosted their price objective on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Truist Financial boosted their price objective on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Evercore ISI boosted their price objective on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group lifted their target price on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $600.79.

Check Out Our Latest Stock Report on United Rentals

United Rentals Stock Up 1.0 %

URI stock traded up $6.78 during trading on Friday, reaching $673.55. The stock had a trading volume of 296,107 shares, compared to its average volume of 450,721. United Rentals, Inc. has a 1-year low of $330.30 and a 1-year high of $732.37. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $44.85 billion, a P/E ratio of 18.24, a PEG ratio of 2.19 and a beta of 1.82. The firm has a fifty day moving average price of $685.43 and a 200 day moving average price of $615.89.

United Rentals (NYSE:URIGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the business posted $7.95 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that United Rentals, Inc. will post 43.61 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a $1.63 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.97%. United Rentals’s dividend payout ratio is currently 17.66%.

Insiders Place Their Bets

In other news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

United Rentals Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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