AEGON ASSET MANAGEMENT UK Plc Has $44.18 Million Stock Position in United Rentals, Inc. (NYSE:URI)

AEGON ASSET MANAGEMENT UK Plc reduced its position in United Rentals, Inc. (NYSE:URI - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,537 shares of the construction company's stock after selling 8,466 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.11% of United Rentals worth $44,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. lifted its holdings in shares of United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock worth $10,464,000 after acquiring an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Rentals by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock valued at $313,627,000 after acquiring an additional 6,787 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of United Rentals during the fourth quarter worth about $649,000. Penobscot Investment Management Company Inc. grew its holdings in shares of United Rentals by 35.1% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company's stock valued at $2,898,000 after purchasing an additional 1,068 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of United Rentals by 8.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,813 shares of the construction company's stock worth $5,504,000 after buying an additional 596 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

URI traded up $1.84 on Thursday, hitting $698.41. 255,556 shares of the stock traded hands, compared to its average volume of 689,493. The business has a fifty day moving average price of $647.18 and a two-hundred day moving average price of $699.03. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $45.40 billion, a PE ratio of 18.02, a P/E/G ratio of 1.43 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.

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

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective on the stock in a report on Wednesday, April 16th. Truist Financial boosted their target price on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Bank of America reduced their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. UBS Group raised United Rentals from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $485.00 to $780.00 in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. raised their target price on United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of "Moderate Buy" and an average target price of $753.15.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $688,908.00. Following the transaction, 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 disclosure for this sale can be found here. 0.51% of the stock is owned by 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.