Voya Investment Management LLC Sells 1,972 Shares of United Rentals, Inc. (NYSE:URI)

Voya Investment Management LLC trimmed its position in United Rentals, Inc. (NYSE:URI - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,761 shares of the construction company's stock after selling 1,972 shares during the quarter. Voya Investment Management LLC's holdings in United Rentals were worth $20,965,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in United Rentals in the 4th quarter valued at about $695,716,000. Capital World Investors raised its holdings in shares of United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after purchasing an additional 323,636 shares in the last quarter. Capital International Investors boosted its position in shares of United Rentals by 41.0% during the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after acquiring an additional 305,491 shares in the last quarter. Marshall Wace LLP raised its holdings in United Rentals by 105.6% during the fourth quarter. Marshall Wace LLP now owns 546,165 shares of the construction company's stock worth $384,740,000 after purchasing an additional 280,502 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at about $171,733,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Up 4.4 %

URI stock traded up $28.12 during mid-day trading on Friday, reaching $668.72. The company had a trading volume of 490,647 shares, compared to its average volume of 589,696. The company has a market capitalization of $43.47 billion, a price-to-earnings ratio of 17.27, 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 stock has a 50 day simple moving average of $612.77 and a two-hundred day simple moving average of $721.87. 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 posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business's revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $9.15 earnings per share. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Insider Buying and Selling at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

URI has been the subject of a number of research analyst reports. UBS Group downgraded shares of United Rentals from a "buy" rating to a "sell" rating and cut their price target for the company from $910.00 to $485.00 in a report on Monday, April 7th. Evercore ISI cut their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. 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 research note on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped 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 research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $725.69.

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.