Robeco Institutional Asset Management B.V. Has $6.16 Million Holdings in United Rentals, Inc. (NYSE:URI)

Robeco Institutional Asset Management B.V. lessened its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 7.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,833 shares of the construction company's stock after selling 754 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in United Rentals were worth $6,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Effects LLC increased its position in United Rentals by 1.5% during the 1st quarter. Wealth Effects LLC now owns 3,640 shares of the construction company's stock valued at $2,281,000 after purchasing an additional 55 shares during the period. HBK Sorce Advisory LLC increased its position in United Rentals by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after purchasing an additional 19 shares during the period. Golden State Wealth Management LLC increased its position in United Rentals by 225.8% during the 1st quarter. Golden State Wealth Management LLC now owns 681 shares of the construction company's stock valued at $427,000 after purchasing an additional 472 shares during the period. Independent Solutions Wealth Management LLC grew its position in shares of United Rentals by 2.1% during the 1st quarter. Independent Solutions Wealth Management LLC now owns 2,811 shares of the construction company's stock worth $1,762,000 after buying an additional 57 shares during the period. Finally, Spire Wealth Management grew its position in shares of United Rentals by 1.8% during the 1st quarter. Spire Wealth Management now owns 2,227 shares of the construction company's stock worth $1,396,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction on 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 sale, the vice president now directly owns 1,921 shares of the company's stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a document filed 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 stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares of the company's stock, 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. Company insiders own 0.51% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on URI shares. The Goldman Sachs Group raised their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Truist Financial raised their price objective on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Citigroup reaffirmed a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective for the company in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised their price objective 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $766.23.

United Rentals Price Performance

Shares of NYSE:URI opened at $754.03 on Monday. 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 stock's fifty day simple moving average is $688.57 and its two-hundred day simple moving average is $681.77. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The stock has a market cap of $49.01 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.71.

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 the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the business posted $9.15 earnings per share. United Rentals's revenue was up 6.7% on a year-over-year basis. As a group, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal 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. This represents a $7.16 annualized dividend and a yield of 0.95%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

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.

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