United Rentals, Inc. (NYSE:URI) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd decreased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,939 shares of the construction company's stock after selling 1,376 shares during the quarter. USS Investment Management Ltd's holdings in United Rentals were worth $6,998,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors lifted its stake in United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after buying an additional 323,636 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of United Rentals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock valued at $1,115,142,000 after acquiring an additional 20,401 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of United Rentals by 16.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after acquiring an additional 172,340 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of United Rentals by 9.8% in the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after acquiring an additional 97,336 shares during the last quarter. Finally, Capital International Investors increased its position 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 purchasing an additional 305,491 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Trading Up 2.5%

United Rentals stock traded up $17.63 during midday trading on Tuesday, hitting $717.73. 113,140 shares of the stock were exchanged, compared to its average volume of 601,383. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock's 50-day simple moving average is $637.86 and its 200 day simple moving average is $704.22. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The stock has a market capitalization of $46.65 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The business's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $9.15 EPS. On average, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.00%. United Rentals's payout ratio is 18.54%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and reduced their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Evercore ISI reduced their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Bank of America lowered their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Truist Financial upped their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research note 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $757.38.

Insider Buying and Selling

In related news, VP Andrew B. Limoges sold 708 shares of the firm's 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 sale, the vice president now directly owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 8,748 shares in the company, valued at approximately $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. 0.53% of the stock is currently 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.