United Rentals, Inc. (NYSE:URI) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,483 shares of the construction company's stock after acquiring an additional 4,102 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.10% of United Rentals worth $36,924,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its stake in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company's stock worth $28,000 after purchasing an additional 20 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of United Rentals during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC boosted its position in United Rentals by 1,525.0% during the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company's stock valued at $37,000 after purchasing an additional 61 shares during the period. NBC Securities Inc. acquired a new stake in United Rentals in the third quarter worth $29,000. Finally, Arlington Trust Co LLC lifted its stake in United Rentals by 50.0% in the fourth quarter. Arlington Trust Co LLC now owns 84 shares of the construction company's stock valued at $48,000 after buying an additional 28 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays lifted their price objective on shares of United Rentals from $325.00 to $400.00 and gave the company an "underweight" rating in a research report on Friday, January 26th. Oppenheimer reaffirmed a "market perform" rating on shares of United Rentals in a research note on Monday, April 29th. Stifel Nicolaus raised their price target on United Rentals from $720.00 to $750.00 and gave the company a "buy" rating in a report on Friday, April 26th. Truist Financial upped their price objective on shares of United Rentals from $793.00 to $796.00 and gave the stock a "buy" rating in a report on Monday, April 29th. Finally, Robert W. Baird lifted their price target on United Rentals from $322.00 to $559.00 and gave the company an "underperform" rating in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $600.79.

Insider Buying and Selling at United Rentals

In other news, CEO Matthew John Flannery sold 8,379 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 103,400 shares of the company's stock, valued at approximately $72,341,742. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other United Rentals news, COO Michael D. Durand sold 559 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company's stock, valued at $5,431,557.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of United Rentals 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 transaction, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

United Rentals Trading Down 4.4 %

Shares of URI stock traded down $31.23 on Thursday, hitting $681.14. The company had a trading volume of 480,382 shares, compared to its average volume of 571,765. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The firm has a market cap of $45.36 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.27 and a beta of 1.82. The stock's 50-day moving average is $683.99 and its two-hundred day moving average is $603.33. United Rentals, Inc. has a twelve month low of $329.00 and a twelve month high of $732.37.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $1.63 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $6.52 annualized dividend and a yield of 0.96%. United Rentals's dividend payout ratio (DPR) is presently 17.66%.

United Rentals declared that its board has authorized a share buyback program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.