United Rentals, Inc. $URI Shares Sold by Schroder Investment Management Group

Key Points

• Schroder Investment Management Group reduced its stake in United Rentals by 4.3%, selling 1,603 shares and holding 35,254 shares worth about $33.28 million after the transaction.
• Two executive VPs disclosed insider sales totaling 3,988 shares at roughly $791 per share (about $3.15 million combined), cutting their ownership by about 17.9% and 25.0% respectively.
• United Rentals authorized a $5.0 billion share repurchase (up to 8.7% of shares) and raised its quarterly dividend to $1.97 ($7.88 annualized), reinforcing a focus on returning capital to shareholders.

Schroder Investment Management Group lowered its position in United Rentals, Inc. (NYSE:URI - Free Report) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,254 shares of the construction company's stock after selling 1,603 shares during the quarter. Schroder Investment Management Group owned approximately 0.06% of United Rentals worth $33,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Optas LLC increased its holdings in shares of United Rentals by 0.9% in the 3rd quarter. Optas LLC now owns 1,174 shares of the construction company's stock valued at $1,121,000 after acquiring an additional 10 shares during the period. CreativeOne Wealth LLC raised its position in United Rentals by 0.5% in the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company's stock valued at $1,720,000 after purchasing an additional 11 shares during the last quarter. OFI Invest Asset Management boosted its stake in United Rentals by 6.7% during the 3rd quarter. OFI Invest Asset Management now owns 175 shares of the construction company's stock worth $167,000 after purchasing an additional 11 shares during the period. Great Valley Advisor Group Inc. grew its position in United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company's stock worth $292,000 after purchasing an additional 11 shares during the last quarter. Finally, Opal Wealth Advisors LLC grew its position in United Rentals by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 450 shares of the construction company's stock worth $430,000 after purchasing an additional 12 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,498 shares of the company's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total transaction of $1,184,753.22. Following the transaction, the executive vice president directly owned 6,872 shares in the company, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the completion of the transaction, the executive vice president directly owned 7,458 shares of the company's stock, valued at approximately $5,900,322.12. This trade represents a 25.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on URI. KeyCorp set a $950.00 target price on shares of United Rentals in a report on Friday, January 30th. Robert W. Baird set a $970.00 price target on United Rentals in a report on Friday, January 30th. Royal Bank Of Canada dropped their price target on United Rentals from $1,123.00 to $1,041.00 and set an "outperform" rating on the stock in a research report on Friday, January 30th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of United Rentals in a research note on Wednesday, January 21st. Finally, Truist Financial set a $972.00 price objective on United Rentals in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $925.59.

United Rentals Trading Up 0.6%

Shares of URI stock opened at $780.64 on Thursday. The business's fifty day moving average price is $871.41 and its 200 day moving average price is $883.86. The firm has a market capitalization of $49.18 billion, a PE ratio of 20.18, a P/E/G ratio of 1.25 and a beta of 1.66. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing analysts' consensus estimates of $11.86 by ($0.77). The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.24 billion. United Rentals had a net margin of 15.49% and a return on equity of 30.35%. United Rentals's revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $11.59 EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals declared that its board has authorized a stock repurchase plan on Wednesday, January 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 8.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were paid a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 1.0%. This is a positive change from United Rentals's previous quarterly dividend of $1.79. The ex-dividend date was Wednesday, February 11th. United Rentals's dividend payout ratio (DPR) is 20.37%.

United Rentals Company Profile

United Rentals, Inc NYSE: URI is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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