United Rentals, Inc. (NYSE:URI) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its holdings in United Rentals, Inc. (NYSE:URI) by 241.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41 shares of the construction company’s stock after buying an additional 29 shares during the period. Meeder Asset Management Inc.’s holdings in United Rentals were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. GHP Investment Advisors Inc. raised its holdings in United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock valued at $10,464,000 after acquiring an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of United Rentals by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock valued at $313,627,000 after purchasing an additional 6,787 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in shares of United Rentals by 196.5% in the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after purchasing an additional 941 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in United Rentals during the fourth quarter worth approximately $649,000. Finally, Nordea Investment Management AB boosted its stake in United Rentals by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after buying an additional 52,037 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction on 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 directly owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by company insiders.

United Rentals Stock Performance

NYSE:URI opened at $647.27 on Thursday. The company has a market cap of $42.29 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The company has a fifty day simple moving average of $678.19 and a two-hundred day simple moving average of $753.23.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.11%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of recent research reports. Morgan Stanley cut their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Truist Financial restated a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Sanford C. Bernstein raised United Rentals from an “underperform” rating to a “market perform” rating and cut their target price for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Finally, Bank of America cut their price objective on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $804.15.

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.