United Rentals, Inc. (NYSE:URI) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,578 shares of the construction company's stock after acquiring an additional 1,099 shares during the quarter. IFM Investors Pty Ltd's holdings in United Rentals were worth $9,136,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of URI. Rialto Wealth Management LLC bought a new position in United Rentals during the fourth quarter worth about $25,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. increased its stake in shares of United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after buying an additional 29 shares during the period. Fourth Dimension Wealth LLC bought a new stake in United Rentals in the first quarter valued at $26,000. Finally, OFI Invest Asset Management bought a new stake in United Rentals in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Activity

In other 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 completion of the transaction, the executive vice president directly owned 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president owned 1,921 shares of the company's stock, valued at approximately $1,355,957.06. The trade was 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

Shares of NYSE URI traded up $10.87 during midday trading on Wednesday, reaching $802.35. 250,367 shares of the stock traded hands, compared to its average volume of 586,774. 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 stock has a market capitalization of $52.15 billion, a PE ratio of 20.78, a P/E/G ratio of 1.92 and a beta of 1.69. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The company's 50 day moving average is $712.29 and its 200 day moving average is $683.99.

United Rentals (NYSE:URI - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter in the previous year, the business earned $9.15 EPS. The business's revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.89%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio is presently 18.54%.

Analysts Set New Price Targets

Several research firms recently weighed in on URI. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price on the stock in a report on Wednesday, April 16th. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a report on Friday, June 13th. Truist Financial boosted their target price 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, Evercore ISI decreased their target price on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, United Rentals has an average rating of "Moderate Buy" and an average price target of $766.23.

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.