Rhumbline Advisers Purchases 8,811 Shares of United Rentals, Inc. (NYSE:URI)

Rhumbline Advisers lifted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,088 shares of the construction company's stock after buying an additional 8,811 shares during the period. Rhumbline Advisers owned about 0.22% of United Rentals worth $87,793,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in URI. Rialto Wealth Management LLC acquired a new stake in United Rentals during the fourth quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of United Rentals in the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. boosted its position in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares during the period. Kestra Investment Management LLC acquired a new stake in United Rentals in the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in United Rentals during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Activity at United Rentals

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The stock was 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 directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $499,748.88. Following the completion of the transaction, the vice president now owns 1,921 shares of the company's stock, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

United Rentals Stock Performance

United Rentals stock traded up $5.05 during midday trading on Thursday, reaching $701.62. 55,922 shares of the company's stock were exchanged, compared to its average volume of 596,030. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The stock's 50-day simple moving average is $647.18 and its 200 day simple moving average is $699.03. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a market cap of $45.60 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.43 and a beta of 1.71.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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 net margin of 16.78% and a return on equity of 34.21%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the business earned $9.15 earnings per share. The business's revenue was up 6.7% compared to the same quarter last year. On average, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared 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. 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 1.02%. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on URI. Truist Financial raised their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Robert W. Baird lifted their price target on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Morgan Stanley upgraded 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. Finally, Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $753.15.

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.