United Rentals, Inc. (NYSE:URI) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,796 shares of the construction company's stock after selling 4,945 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.18% of United Rentals worth $84,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in United Rentals during the 3rd quarter valued at about $2,147,000. Tidal Investments LLC raised its stake in shares of United Rentals by 8.1% during the third quarter. Tidal Investments LLC now owns 8,295 shares of the construction company's stock valued at $6,717,000 after acquiring an additional 624 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of United Rentals by 8.4% in the third quarter. Synovus Financial Corp now owns 634 shares of the construction company's stock valued at $513,000 after purchasing an additional 49 shares during the period. Franklin Resources Inc. grew its stake in United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock worth $862,110,000 after purchasing an additional 57,002 shares in the last quarter. Finally, American Trust increased its holdings in United Rentals by 206.3% during the 3rd quarter. American Trust now owns 1,207 shares of the construction company's stock worth $977,000 after purchasing an additional 813 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on URI shares. Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price target on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Evercore ISI dropped their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Robert W. Baird increased their target price on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $725.69.

United Rentals Stock Performance

NYSE:URI traded up $25.61 during trading hours on Friday, hitting $666.21. 884,233 shares of the company were exchanged, compared to its average volume of 593,097. The company's 50 day moving average price is $613.33 and its 200-day moving average price is $719.85. The stock has a market capitalization of $43.30 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week 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.

United Rentals (NYSE:URI - Get Free Report) last issued its 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 return on equity of 34.21% and a net margin of 16.78%. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter last year, the business earned $9.15 EPS. The business's revenue was up 6.7% on a year-over-year basis. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.07%. United Rentals's dividend payout ratio is presently 18.54%.

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.