Janus Henderson Group PLC Boosts Stock Position in United Rentals, Inc. (NYSE:URI)

Janus Henderson Group PLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 19.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,669 shares of the construction company's stock after purchasing an additional 1,713 shares during the quarter. Janus Henderson Group PLC's holdings in United Rentals were worth $7,512,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in URI. JPMorgan Chase & Co. boosted its position in shares of United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after acquiring an additional 105,287 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of United Rentals by 74.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 18,156 shares of the construction company's stock valued at $12,790,000 after acquiring an additional 7,748 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of United Rentals by 30.2% during the 4th quarter. Park Avenue Securities LLC now owns 1,730 shares of the construction company's stock valued at $1,219,000 after acquiring an additional 401 shares during the last quarter. Procyon Advisors LLC boosted its position in shares of United Rentals by 3.0% during the 4th quarter. Procyon Advisors LLC now owns 763 shares of the construction company's stock valued at $537,000 after acquiring an additional 22 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in shares of United Rentals during the 4th quarter valued at approximately $3,688,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of United Rentals 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 sale, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The shares were 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 now owns 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,908 shares of company stock worth $1,890,567 over the last three months. 0.53% of the stock is owned by corporate insiders.

United Rentals Trading Down 2.7%

URI stock traded down $19.33 during midday trading on Wednesday, reaching $696.14. The company's stock had a trading volume of 487,109 shares, compared to its average volume of 600,785. The firm has a market capitalization of $45.25 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The stock has a fifty day simple moving average of $631.47 and a two-hundred day simple moving average of $709.07.

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

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 1.03%. United Rentals's payout ratio is currently 18.54%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research report on Wednesday. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. Finally, Truist Financial raised their price target on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus price target of $757.38.

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.