United Rentals, Inc. (NYSE:URI) Shares Bought by Quilter Plc

Quilter Plc grew its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 15.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,446 shares of the construction company's stock after purchasing an additional 16,993 shares during the quarter. United Rentals comprises approximately 1.6% of Quilter Plc's portfolio, making the stock its 23rd largest holding. Quilter Plc owned approximately 0.19% of United Rentals worth $78,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in URI. CNB Bank lifted its position in United Rentals by 16.9% during the first quarter. CNB Bank now owns 741 shares of the construction company's stock worth $464,000 after buying an additional 107 shares in the last quarter. Graphene Investments SAS lifted its stake in shares of United Rentals by 23.7% in the 1st quarter. Graphene Investments SAS now owns 4,700 shares of the construction company's stock valued at $2,945,000 after purchasing an additional 900 shares during the last quarter. Perpetual Ltd acquired a new position in shares of United Rentals in the 1st quarter valued at $241,000. PDS Planning Inc grew its holdings in shares of United Rentals by 5.8% during the 1st quarter. PDS Planning Inc now owns 489 shares of the construction company's stock worth $306,000 after purchasing an additional 27 shares during the period. Finally, KPP Advisory Services LLC increased its position in shares of United Rentals by 50.1% during the 1st quarter. KPP Advisory Services LLC now owns 710 shares of the construction company's stock worth $445,000 after purchasing an additional 237 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on 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 $5,478,697.44. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

United Rentals Price Performance

Shares of URI opened at $743.46 on Friday. The firm has a market capitalization of $48.32 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.80 and a beta of 1.70. The firm's fifty day simple moving average is $685.30 and its 200-day simple moving average is $683.57. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its 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 business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. United Rentals's revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $9.15 EPS. Equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is 18.54%.

Analyst Upgrades and Downgrades

A number of research firms have commented on URI. Evercore ISI decreased their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Truist Financial lifted their price objective on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research note on Friday, June 13th. UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and raised their target price for the company from $485.00 to $780.00 in a report on Friday, May 16th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $765.07.

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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