Ethic Inc. Purchases 476 Shares of United Rentals, Inc. (NYSE:URI)

Ethic Inc. lifted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,242 shares of the construction company's stock after purchasing an additional 476 shares during the quarter. Ethic Inc.'s holdings in United Rentals were worth $4,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Adell Harriman & Carpenter Inc. boosted its stake in United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after buying an additional 14 shares during the last quarter. Valmark Advisers Inc. lifted its position in United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock worth $555,000 after acquiring an additional 14 shares in the last quarter. Erste Asset Management GmbH lifted its position in United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after acquiring an additional 14 shares in the last quarter. Forum Financial Management LP lifted its position in United Rentals by 1.9% during the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after acquiring an additional 14 shares in the last quarter. Finally, Klingman & Associates LLC lifted its position in United Rentals by 2.3% during the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock worth $471,000 after acquiring an additional 15 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were 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 of the company's stock, valued at approximately $4,390,128. The trade was a 13.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,908 shares of company stock valued at $1,890,567. Insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on URI shares. Citigroup reduced their price target on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird lifted their price objective on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Evercore ISI dropped their price objective on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Finally, Truist Financial boosted their price target on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $725.69.

United Rentals Trading Down 1.4%

Shares of NYSE URI traded down $9.77 during mid-day trading on Wednesday, hitting $712.18. 444,631 shares of the company traded hands, compared to its average volume of 600,805. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The stock has a market capitalization of $46.29 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.43 and a beta of 1.70. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average of $620.30 and a two-hundred day moving average of $712.30.

United Rentals (NYSE:URI - Get Free Report) last announced its 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). The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $9.15 earnings per share. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio is 18.54%.

About United Rentals

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.