385 Shares in United Rentals, Inc. (NYSE:URI) Bought by Perpetual Ltd

Perpetual Ltd purchased a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 385 shares of the construction company's stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in United Rentals during the fourth quarter worth approximately $25,000. Fourth Dimension Wealth LLC acquired a new stake in United Rentals during the 1st quarter valued at $26,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of United Rentals in the 4th quarter valued at about $27,000. Meeder Asset Management Inc. increased its stake in 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 buying an additional 29 shares during the period. Finally, OFI Invest Asset Management acquired a new position in United Rentals in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on URI shares. Cfra Research raised United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Truist Financial lifted their price objective on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their price target for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and upped their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Finally, Evercore ISI cut their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $766.23.

Insiders Place Their Bets

In related news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president now directly owns 8,748 shares of the company's stock, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president now owns 1,921 shares in the company, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.51% of the company's stock.

United Rentals Price Performance

NYSE:URI opened at $754.03 on Monday. The company has a market cap of $49.01 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.84 and a beta of 1.71. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The stock's 50-day simple moving average is $688.57 and its 200 day simple moving average is $681.77. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85.

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 for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the firm posted $9.15 earnings per share. The firm's revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio is 18.54%.

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.

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