AQR Capital Management LLC Lowers Holdings in United Rentals, Inc. (NYSE:URI)

AQR Capital Management LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,788 shares of the construction company's stock after selling 7,167 shares during the quarter. AQR Capital Management LLC's holdings in United Rentals were worth $20,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in United Rentals in the fourth quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in United Rentals during the fourth quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals in the fourth quarter worth $27,000. Meeder Asset Management Inc. increased its position in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after purchasing an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals during the 4th quarter valued at $33,000. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Up 0.1 %

Shares of NYSE URI traded up $0.78 during midday trading on Wednesday, reaching $652.43. 505,366 shares of the stock were exchanged, compared to its average volume of 594,859. The stock has a market capitalization of $42.41 billion, a P/E ratio of 16.84, a PEG ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a 50 day simple moving average of $614.20 and a 200 day simple moving average of $716.83. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted 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 business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the business earned $9.15 EPS. United Rentals's revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Insider Buying and Selling at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.53% of the company's stock.

Analyst Ratings Changes

URI has been the topic of a number of research analyst reports. UBS Group lowered United Rentals from a "buy" rating to a "sell" rating and dropped their price target for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price for the company in a report on Wednesday, April 16th. Truist Financial upped their price target on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Finally, Robert W. Baird boosted their price objective on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $725.69.

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.