MML Investors Services LLC Acquires 1,547 Shares of United Rentals, Inc. (NYSE:URI)

MML Investors Services LLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,501 shares of the construction company's stock after purchasing an additional 1,547 shares during the period. MML Investors Services LLC's holdings in United Rentals were worth $8,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in United Rentals in the 3rd quarter valued at approximately $2,147,000. Tidal Investments LLC lifted its position in shares of United Rentals by 8.1% in the third quarter. Tidal Investments LLC now owns 8,295 shares of the construction company's stock worth $6,717,000 after purchasing an additional 624 shares in the last quarter. Synovus Financial Corp boosted its holdings in United Rentals by 8.4% during the third quarter. Synovus Financial Corp now owns 634 shares of the construction company's stock worth $513,000 after purchasing an additional 49 shares during the last quarter. Franklin Resources Inc. increased its stake in United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock valued at $862,110,000 after buying an additional 57,002 shares during the last quarter. Finally, American Trust lifted its position 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 buying an additional 813 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

URI traded down $4.56 during trading on Tuesday, hitting $624.63. The stock had a trading volume of 89,653 shares, compared to its average volume of 590,220. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a 50 day moving average price of $614.32 and a 200-day moving average price of $724.53. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The firm has a market cap of $40.60 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company posted $9.15 earnings per share. The company's revenue was up 6.7% on a year-over-year basis. As a group, research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Analyst Upgrades and Downgrades

URI has been the topic of a number of recent research reports. Robert W. Baird lifted 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. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective on the stock in a research note on Wednesday, April 16th. UBS Group cut shares of United Rentals from a "buy" rating to a "sell" rating and decreased their target price for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Truist Financial upped their target price on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday. Finally, Cfra Research upgraded United Rentals to a "strong-buy" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $725.69.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now directly 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 SEC, which is available at the SEC website. 0.53% of the stock is currently owned by company insiders.

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.