Rhumbline Advisers Grows Position in United Rentals, Inc. (NYSE:URI)

Rhumbline Advisers increased its position in United Rentals, Inc. (NYSE:URI) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 140,088 shares of the construction company’s stock after purchasing an additional 8,811 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of United Rentals worth $87,793,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. lifted its stake in shares of 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 purchasing an additional 877 shares during the period. Charles Schwab Investment Management Inc. raised its stake in United Rentals by 1.5% during 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 buying an additional 6,787 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in United Rentals during the fourth quarter valued at $649,000. Penobscot Investment Management Company Inc. raised its stake in United Rentals by 35.1% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company’s stock valued at $2,898,000 after buying an additional 1,068 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in United Rentals by 8.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,813 shares of the construction company’s stock valued at $5,504,000 after buying an additional 596 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on URI shares. Truist Financial lifted their price objective on United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a research note on Friday, April 25th. UBS Group upgraded United Rentals from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $485.00 to $780.00 in a research note on Friday, May 16th. JPMorgan Chase & Co. lifted their price objective on United Rentals from $780.00 to $920.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Bank of America lowered their price objective on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Evercore ISI lowered their price objective on United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $753.15.

United Rentals Stock Down 0.9%

United Rentals stock opened at $708.89 on Monday. The firm has a market cap of $46.08 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.43 and a beta of 1.70. The stock has a fifty day simple moving average of $643.68 and a two-hundred day simple moving average of $700.03. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 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 the consensus estimate of $3.61 billion. During the same period in the previous year, the firm earned $9.15 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Wednesday, May 14th. United Rentals’s payout ratio is currently 18.54%.

Insider Buying and Selling

In related news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction 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 transaction, the executive vice president now directly owns 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

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.