Robeco Institutional Asset Management B.V. Decreases Stock Holdings in United Rentals, Inc. (NYSE:URI)

Robeco Institutional Asset Management B.V. cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 51.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,943 shares of the construction company's stock after selling 5,332 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in United Rentals were worth $2,834,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company's stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. NBC Securities Inc. bought a new stake in United Rentals during the third quarter valued at $29,000. Private Wealth Management Group LLC bought a new stake in United Rentals during the fourth quarter valued at $34,000. Larson Financial Group LLC boosted its position in United Rentals by 1,525.0% during the fourth quarter. Larson Financial Group LLC now owns 65 shares of the construction company's stock valued at $37,000 after acquiring an additional 61 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in United Rentals during the third quarter valued at $40,000. Institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on URI shares. Oppenheimer reiterated a "market perform" rating on shares of United Rentals in a report on Monday, April 29th. Wells Fargo & Company upped their price objective on shares of United Rentals from $630.00 to $710.00 and gave the company an "overweight" rating in a report on Friday, January 26th. Robert W. Baird upped their target price on shares of United Rentals from $322.00 to $559.00 and gave the stock an "underperform" rating in a report on Friday, January 26th. Barclays increased their price objective on shares of United Rentals from $325.00 to $400.00 and gave the company an "underweight" rating in a research note on Friday, January 26th. Finally, Truist Financial increased their price objective on shares of United Rentals from $793.00 to $796.00 and gave the company a "buy" rating in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $600.79.

Insider Activity

In other news, CEO Matthew John Flannery sold 8,379 shares of the firm's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction 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 transaction, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

United Rentals Stock Performance

Shares of United Rentals stock traded down $11.99 on Wednesday, reaching $682.60. 275,823 shares of the company traded hands, compared to its average volume of 561,423. United Rentals, Inc. has a 52 week low of $330.30 and a 52 week high of $732.37. The company has a 50 day moving average of $685.35 and a 200 day moving average of $612.17. The firm has a market capitalization of $45.45 billion, a PE ratio of 18.82, a PEG ratio of 2.28 and a beta of 1.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping 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 company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the firm earned $7.95 EPS. United Rentals's revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts forecast that United Rentals, Inc. will post 43.61 earnings per share for the current year.

United Rentals Announces Dividend

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

United Rentals announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

United Rentals 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.