United Rentals, Inc. (NYSE:URI) Shares Sold by Boston Partners

Boston Partners cut its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 894,590 shares of the construction company's stock after selling 96,650 shares during the period. Boston Partners owned approximately 1.33% of United Rentals worth $512,766,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Ballentine Partners LLC grew its holdings in shares of United Rentals by 2.1% in the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company's stock valued at $510,000 after purchasing an additional 18 shares in the last quarter. DGS Capital Management LLC grew its stake in shares of United Rentals by 1.3% in the 4th quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company's stock worth $827,000 after buying an additional 18 shares in the last quarter. Oak Ridge Investments LLC raised its position in shares of United Rentals by 0.3% during the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company's stock valued at $3,335,000 after buying an additional 20 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of United Rentals by 2.3% in the 4th quarter. Caprock Group LLC now owns 900 shares of the construction company's stock valued at $516,000 after acquiring an additional 20 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company's stock worth $28,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Up 1.3 %

URI stock traded up $8.92 during trading on Friday, hitting $698.13. 352,088 shares of the company's stock traded hands, compared to its average volume of 603,383. The firm has a market capitalization of $46.49 billion, a P/E ratio of 18.91, a PEG ratio of 2.27 and a beta of 1.82. United Rentals, Inc. has a 1 year low of $325.91 and a 1 year high of $732.37. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The business has a fifty day simple moving average of $683.30 and a two-hundred day simple moving average of $598.42.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the business posted $7.95 EPS. The business's revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that United Rentals, Inc. will post 43.61 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Tuesday, May 7th. United Rentals's dividend payout ratio is currently 17.66%.

United Rentals announced that its board has authorized a stock buyback plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on URI. Truist Financial raised their price objective on United Rentals from $793.00 to $796.00 and gave the company a "buy" rating in a research note on Monday, April 29th. The Goldman Sachs Group increased their target price on shares of United Rentals from $718.00 to $790.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Wells Fargo & Company lifted their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an "overweight" rating in a research note on Friday, January 26th. Robert W. Baird raised their price objective on shares of United Rentals from $322.00 to $559.00 and gave the stock an "underperform" rating in a research note on Friday, January 26th. Finally, Evercore ISI upped their target price on United Rentals from $575.00 to $740.00 and gave the company an "outperform" rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, United Rentals currently has a consensus rating of "Hold" and a consensus price target of $600.79.

Insider Transactions at United Rentals

In other news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the transaction, the chief executive officer now directly owns 103,400 shares of the company's stock, valued at approximately $72,341,742. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William E. Grace sold 775 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares in the company, valued at approximately $4,145,485.26. The disclosure for this sale can be found here. Insiders have sold a total of 9,713 shares of company stock valued at $6,747,384 in the last 90 days. Insiders own 0.53% of the company's stock.

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.