RBF Capital LLC Decreases Stake in United Rentals, Inc. (NYSE:URI)

RBF Capital LLC trimmed its position in United Rentals, Inc. (NYSE:URI) by 13.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,000 shares of the construction company’s stock after selling 2,000 shares during the period. RBF Capital LLC’s holdings in United Rentals were worth $9,158,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Capital World Investors boosted 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 buying an additional 323,636 shares in the last quarter. Geode Capital Management LLC lifted its position in United Rentals by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company’s stock valued at $1,115,142,000 after acquiring an additional 20,401 shares during the last quarter. Alliancebernstein L.P. boosted its stake in United Rentals by 16.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company’s stock valued at $880,778,000 after acquiring an additional 172,340 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of United Rentals by 9.8% during the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company’s stock worth $770,199,000 after purchasing an additional 97,336 shares during the last quarter. Finally, Capital International Investors increased its position in shares of United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock worth $740,624,000 after purchasing an additional 305,491 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction that occurred 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 owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on URI. UBS Group cut United Rentals from a “buy” rating to a “sell” rating and decreased their target price for the company from $910.00 to $485.00 in a research report on Monday, April 7th. Evercore ISI reduced their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Morgan Stanley upgraded United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target on the stock in a research report on Wednesday, April 16th. Finally, Truist Financial lowered their price objective on shares of United Rentals from $956.00 to $732.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $729.79.

United Rentals Stock Up 0.6 %

URI opened at $573.94 on Wednesday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The company has a market cap of $37.50 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.43 and a beta of 1.72. The business’s fifty day moving average is $622.56 and its two-hundred day moving average is $730.18. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is 18.48%.

United Rentals Company 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.