SVB Wealth LLC Trims Holdings in United Rentals, Inc. (NYSE:URI)

SVB Wealth LLC lowered its position in United Rentals, Inc. (NYSE:URI - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,453 shares of the construction company's stock after selling 2,161 shares during the quarter. SVB Wealth LLC's holdings in United Rentals were worth $4,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. OFI Invest Asset Management purchased a new position in United Rentals in the 3rd quarter worth approximately $25,000. MUFG Americas Holdings Corp increased its stake in shares of United Rentals by 1,900.0% in the third quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company's stock worth $27,000 after buying an additional 95 shares during the period. Eagle Bay Advisors LLC bought a new stake in United Rentals during the 2nd quarter valued at $27,000. AdvisorNet Financial Inc boosted its position in United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company's stock valued at $28,000 after buying an additional 20 shares during the period. Finally, NBC Securities Inc. purchased a new stake in United Rentals during the 3rd quarter valued at $29,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 3.0 %

Shares of URI stock traded down $19.76 during trading hours on Wednesday, hitting $636.21. 895,980 shares of the company's stock traded hands, compared to its average volume of 580,234. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. The stock has a market cap of $42.73 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.31 and a beta of 1.84. The stock's fifty day simple moving average is $680.66 and its two-hundred day simple moving average is $568.62. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, topping the consensus estimate of $10.85 by $0.41. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the previous year, the company posted $9.74 earnings per share. The company's revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts expect that United Rentals, Inc. will post 43.13 EPS for the current year.

United Rentals announced that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $1.63 per share. This is a positive change from United Rentals's previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Tuesday, February 13th. United Rentals's dividend payout ratio (DPR) is currently 18.44%.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the sale, the chief financial officer now owns 6,323 shares of the company's stock, valued at approximately $4,145,485.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial initiated coverage on shares of United Rentals in a research note on Thursday, March 14th. They set a "buy" rating and a $793.00 price objective for the company. Stifel Nicolaus lifted their price objective on United Rentals from $494.00 to $591.00 and gave the stock a "buy" rating in a research report on Tuesday, December 19th. Morgan Stanley initiated coverage on United Rentals in a report on Monday, January 8th. They set an "equal weight" rating and a $500.00 target price for the company. The Goldman Sachs Group boosted their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Barclays raised their target price on shares of United Rentals from $325.00 to $400.00 and gave the stock an "underweight" rating in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, United Rentals has an average rating of "Hold" and an average target price of $589.21.

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.