Gotham Asset Management LLC Lowers Stock Holdings in United Rentals, Inc. (NYSE:URI)

Gotham Asset Management LLC lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,680 shares of the construction company's stock after selling 2,688 shares during the period. Gotham Asset Management LLC's holdings in United Rentals were worth $6,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of URI. Focus Partners Wealth raised its position in United Rentals by 2.6% in the fourth quarter. Focus Partners Wealth now owns 44,207 shares of the construction company's stock valued at $31,214,000 after purchasing an additional 1,126 shares during the period. Eisler Capital Management Ltd. purchased a new stake in United Rentals in the fourth quarter valued at approximately $10,452,000. Ethic Inc. increased its position in shares of United Rentals by 8.3% during the fourth quarter. Ethic Inc. now owns 6,242 shares of the construction company's stock worth $4,397,000 after acquiring an additional 476 shares during the period. Fiduciary Trust Co increased its position in shares of United Rentals by 2.0% during the fourth quarter. Fiduciary Trust Co now owns 1,231 shares of the construction company's stock worth $867,000 after acquiring an additional 24 shares during the period. Finally, Fred Alger Management LLC increased its position in shares of United Rentals by 185.8% during the fourth quarter. Fred Alger Management LLC now owns 7,210 shares of the construction company's stock worth $5,079,000 after acquiring an additional 4,687 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of URI stock traded up $13.27 during midday trading on Friday, reaching $726.59. 477,671 shares of the company traded hands, compared to its average volume of 601,194. The firm's 50 day simple moving average is $626.76 and its two-hundred day simple moving average is $710.94. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The firm has a market cap of $47.23 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last posted 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 company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the business posted $9.15 earnings per share. United Rentals's revenue was up 6.7% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.99%. United Rentals's payout ratio is 18.54%.

Insider Transactions at United Rentals

In other 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 completion of the transaction, the vice president now directly owns 1,921 shares of the company's stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,908 shares of company stock valued at $1,890,567 in the last ninety days. Corporate insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group raised United Rentals from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $485.00 to $780.00 in a research report on Friday. Truist Financial increased their target price on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Evercore ISI dropped their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Bank of America dropped their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, 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 report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and an average target price of $748.38.

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.