Waverton Investment Management Ltd Acquires 11,197 Shares of United Rentals, Inc. (NYSE:URI)

Waverton Investment Management Ltd grew its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 225,652 shares of the construction company's stock after buying an additional 11,197 shares during the period. United Rentals accounts for 2.2% of Waverton Investment Management Ltd's portfolio, making the stock its 21st biggest position. Waverton Investment Management Ltd owned approximately 0.35% of United Rentals worth $141,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. Cutter & CO Brokerage Inc. grew its holdings in shares of United Rentals by 6.7% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 320 shares of the construction company's stock worth $225,000 after acquiring an additional 20 shares during the period. National Pension Service grew its stake in United Rentals by 79.8% in the fourth quarter. National Pension Service now owns 167,813 shares of the construction company's stock worth $118,214,000 after purchasing an additional 74,479 shares during the period. K.J. Harrison & Partners Inc lifted its position in United Rentals by 24.5% during the fourth quarter. K.J. Harrison & Partners Inc now owns 6,100 shares of the construction company's stock valued at $4,208,000 after buying an additional 1,200 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of United Rentals by 2.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 26,649 shares of the construction company's stock valued at $18,773,000 after buying an additional 600 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of United Rentals by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,600 shares of the construction company's stock worth $3,945,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI stock opened at $743.46 on Friday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The stock's fifty day moving average price is $685.30 and its 200-day moving average price is $683.57. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The company has a market cap of $48.32 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 1.80 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last announced 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). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the prior year, the company posted $9.15 earnings per share. The firm's quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

URI has been the topic of several research reports. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research note on Friday, June 13th. Truist Financial upped their price target on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and dropped their target price for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price on the stock in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group lifted their price target on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $765.07.

Insider Activity

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm'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 sale, the vice president now owns 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The stock was 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 directly owns 8,748 shares of the company's stock, 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. Insiders own 0.53% of the company's stock.

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.

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.