United Rentals, Inc. (NYSE:URI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,863 shares of the construction company’s stock after selling 340 shares during the period. Mutual of America Capital Management LLC’s holdings in United Rentals were worth $5,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flputnam Investment Management Co. increased its position in shares of United Rentals by 1.9% during the fourth quarter. Flputnam Investment Management Co. now owns 9,682 shares of the construction company’s stock valued at $6,820,000 after acquiring an additional 180 shares during the last quarter. Illumine Investment Management LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at about $758,000. Bouchey Financial Group Ltd acquired a new stake in shares of United Rentals during the fourth quarter valued at about $249,000. QRG Capital Management Inc. increased its position in shares of United Rentals by 5.4% during the fourth quarter. QRG Capital Management Inc. now owns 29,429 shares of the construction company’s stock valued at $20,731,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of United Rentals during the fourth quarter valued at about $889,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup dropped their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Argus raised their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Stock Down 3.9 %

Shares of United Rentals stock opened at $617.44 on Tuesday. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The company has a 50 day moving average of $719.38 and a 200 day moving average of $767.93. 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 company has a market capitalization of $40.32 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.43 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.16%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is currently 18.48%.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by 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.