United Rentals, Inc. (NYSE:URI) Shares Sold by Invesco LLC

Invesco LLC reduced its position in United Rentals, Inc. (NYSE:URI - Free Report) by 47.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667 shares of the construction company's stock after selling 614 shares during the period. Invesco LLC's holdings in United Rentals were worth $418,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of United Rentals during the 4th quarter worth approximately $695,716,000. GAMMA Investing LLC raised its stake in United Rentals by 77,674.5% in the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after purchasing an additional 886,266 shares during the last quarter. Leigh Baldwin & CO. LLC purchased a new position in United Rentals in the 4th quarter valued at about $330,989,000. Capital World Investors grew its holdings in shares of United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after buying an additional 323,636 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after buying an additional 305,491 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

URI has been the subject of several recent analyst reports. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $485.00 to $780.00 in a research note on Friday, May 16th. Robert W. Baird upped their target price on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Bank of America dropped their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Morgan Stanley raised 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 research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $765.07.

United Rentals Stock Up 3.5%

NYSE:URI traded up $25.12 on Tuesday, reaching $741.69. The stock had a trading volume of 680,000 shares, compared to its average volume of 585,614. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The stock has a market cap of $48.21 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 1.72 and a beta of 1.71. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $676.34 and a 200 day moving average of $683.44.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. United Rentals's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $9.15 EPS. On average, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. United Rentals's dividend payout ratio (DPR) is 18.54%.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 $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 company insiders.

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.