IFM Investors Pty Ltd increased its position in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,578 shares of the construction company’s stock after purchasing an additional 1,099 shares during the quarter. IFM Investors Pty Ltd’s holdings in United Rentals were worth $9,136,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of URI. Erste Asset Management GmbH grew its stake in shares of United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock worth $2,002,000 after acquiring an additional 14 shares during the period. Forum Financial Management LP increased its stake in United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company’s stock worth $528,000 after acquiring an additional 14 shares during the last quarter. Centaurus Financial Inc. raised its stake in United Rentals by 1.7% in the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company’s stock valued at $704,000 after purchasing an additional 17 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in United Rentals by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company’s stock valued at $307,000 after acquiring an additional 19 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in United Rentals by 3.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 568 shares of the construction company’s stock worth $400,000 after buying an additional 20 shares in the last quarter. 96.26% of the stock is owned by institutional investors.
United Rentals Stock Down 0.4%
Shares of URI stock opened at $784.50 on Friday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The stock has a market cap of $50.99 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.94 and a beta of 1.69. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The company has a 50 day simple moving average of $705.94 and a two-hundred day simple moving average of $683.00.
United Rentals Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.91%. United Rentals’s payout ratio is currently 18.54%.
Insider Buying and Selling
In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the company’s 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 transaction, the executive vice president owned 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
Analyst Ratings Changes
URI has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on United Rentals from $780.00 to $920.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Redburn Atlantic cut shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target on the stock. in a report on Friday, June 13th. Truist Financial boosted their price objective on shares of United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and decreased their target price for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Finally, Morgan Stanley raised shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price objective for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $766.23.
Read Our Latest Research Report on United Rentals
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.
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