UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in United Rentals, Inc. (NYSE:URI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,838 shares of the construction company's stock after purchasing an additional 32,406 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.84% of United Rentals worth $384,510,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in URI. Rialto Wealth Management LLC purchased a new position in shares of United Rentals during the fourth quarter valued at about $25,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals during the fourth quarter valued at about $27,000. Meeder Asset Management Inc. grew its position in shares of United Rentals by 241.7% during the fourth 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 in the last quarter. Hanson & Doremus Investment Management purchased a new position in shares of United Rentals during the fourth quarter valued at about $33,000. Finally, Kestra Investment Management LLC purchased a new position in shares of United Rentals during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Trading Down 1.4%

URI opened at $714.09 on Wednesday. The stock has a market cap of $46.42 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.43 and a beta of 1.70. The stock's 50 day moving average price is $631.47 and its 200-day moving average price is $709.07. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. 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 (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS 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 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 company's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $9.15 EPS. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared 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 of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.00%. United Rentals's payout ratio is 18.54%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley upgraded 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. Evercore ISI dropped their price target on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday. Truist Financial lifted 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. Citigroup dropped their price target on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $744.31.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president now owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,908 shares of company stock worth $1,890,567. Company insiders own 0.53% of the company's stock.

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.

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