Crossmark Global Holdings Inc. Increases Stake in United Rentals, Inc. (NYSE:URI)

Crossmark Global Holdings Inc. increased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 40.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,931 shares of the construction company's stock after purchasing an additional 850 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in United Rentals were worth $1,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Erste Asset Management GmbH raised its position in United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after purchasing an additional 14 shares during the period. Forum Financial Management LP increased its position in shares of United Rentals by 1.9% in the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after acquiring an additional 14 shares during the period. Centaurus Financial Inc. increased its position in shares of United Rentals by 1.7% in the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after acquiring an additional 17 shares during the period. HBK Sorce Advisory LLC increased its position in shares of United Rentals by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after acquiring an additional 19 shares during the period. Finally, Cidel Asset Management Inc. increased its position in shares of United Rentals by 6.2% in the first quarter. Cidel Asset Management Inc. now owns 342 shares of the construction company's stock valued at $214,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

URI has been the topic of a number of analyst reports. Citigroup restated a "buy" rating and issued a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley upgraded shares of 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. Finally, Truist Financial boosted their price target on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and an average price target of $768.54.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president owned 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $688,908.00. Following the transaction, the executive vice president owned 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

United Rentals Stock Down 0.7%

NYSE:URI traded down $5.47 during mid-day trading on Friday, hitting $814.27. 603,953 shares of the company's stock were exchanged, compared to its average volume of 587,587. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The business has a fifty day moving average price of $722.31 and a 200 day moving average price of $685.83. The company has a market cap of $52.93 billion, a PE ratio of 21.08, a P/E/G ratio of 1.99 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The company's revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $9.15 EPS. Equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 0.88%. United Rentals's dividend payout ratio is presently 18.54%.

United Rentals 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.