Vident Advisory LLC Has $22.67 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Vident Advisory LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 1,761.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,187 shares of the construction company's stock after acquiring an additional 30,458 shares during the quarter. Vident Advisory LLC's holdings in United Rentals were worth $22,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rialto Wealth Management LLC acquired a new position in United Rentals in the 4th quarter worth $25,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals in the 4th quarter worth $27,000. Meeder Asset Management Inc. lifted its holdings in United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after buying an additional 29 shares in the last quarter. Hanson & Doremus Investment Management acquired a new position in United Rentals in the 4th quarter worth $33,000. Finally, Kestra Investment Management LLC acquired a new position in United Rentals in the 4th quarter worth $34,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Evercore ISI lowered their price objective 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. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $485.00 to $780.00 in a research report on Friday, May 16th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Robert W. Baird boosted their target price on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $765.07.

United Rentals Price Performance

URI stock traded up $6.73 on Thursday, hitting $702.53. 424,103 shares of the company's stock traded hands, compared to its average volume of 602,659. 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 $45.66 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 1.43 and a beta of 1.70. The stock has a fifty day moving average of $632.92 and a 200-day moving average of $708.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the firm earned $9.15 EPS. The firm's revenue was up 6.7% compared to the same quarter last year. On average, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.02%. United Rentals's dividend payout ratio is currently 18.54%.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, the vice president now owns 1,921 shares in the company, 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. Insiders have sold 2,908 shares of company stock worth $1,890,567 over the last 90 days. 0.53% of the stock is owned by company insiders.

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.