969 Shares in United Rentals, Inc. (NYSE:URI) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 969 shares of the construction company's stock, valued at approximately $683,000.

A number of other large investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in United Rentals in the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Rentals in the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. boosted its stake in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals in the 4th quarter valued at $33,000. Finally, Kestra Investment Management LLC bought a new position in shares of United Rentals during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Activity

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,908 shares of company stock worth $1,890,567. Corporate insiders own 0.53% of the company's stock.

United Rentals Price Performance

Shares of NYSE URI opened at $712.18 on Thursday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The stock has a market capitalization of $46.29 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.43 and a beta of 1.70. The company's 50-day moving average is $621.98 and its 200 day moving average is $712.30. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the company posted $9.15 EPS. The firm's revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group lowered shares of United Rentals from a "buy" rating to a "sell" rating and cut their price target for the company from $910.00 to $485.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. dropped their target price on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research report on Wednesday, April 16th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and lowered their price objective for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Finally, Truist Financial raised their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, United Rentals has an average rating of "Moderate Buy" and an average price target of $725.69.

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.

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