Whittier Trust Co. of Nevada Inc. Purchases 1,063 Shares of United Rentals, Inc. (NYSE:URI)

Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,462 shares of the construction company's stock after buying an additional 1,063 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in United Rentals were worth $14,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new stake in United Rentals in the 4th quarter valued at approximately $244,000. Great Lakes Advisors LLC increased its holdings in United Rentals by 10.2% in the fourth quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company's stock valued at $220,000 after buying an additional 29 shares in the last quarter. Choate Investment Advisors acquired a new stake in shares of United Rentals in the 4th quarter worth approximately $561,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of United Rentals by 9.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,967 shares of the construction company's stock worth $2,795,000 after buying an additional 351 shares during the last quarter. Finally, Cibc World Markets Corp increased its holdings in United Rentals by 15.4% during the 4th quarter. Cibc World Markets Corp now owns 10,405 shares of the construction company's stock valued at $7,330,000 after acquiring an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI traded down $9.39 during trading on Tuesday, reaching $799.28. 776,488 shares of the company were exchanged, compared to its average volume of 588,191. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The firm has a 50 day moving average of $722.31 and a 200 day moving average of $685.55. The stock has a market cap of $51.95 billion, a P/E ratio of 20.70, a PEG ratio of 1.99 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business earned $9.15 earnings per share. The firm's revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared 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. This represents a $7.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Insider Transactions at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction on 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 directly owned 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The sale 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 company's 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 owned 8,748 shares of the company's stock, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on URI. Truist Financial raised their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. increased their target price on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Evercore ISI dropped their price target on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. Finally, Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, United Rentals currently has a consensus rating of "Moderate Buy" and a consensus price target of $768.54.

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.