Schroder Investment Management Group Sells 914 Shares of United Rentals, Inc. (NYSE:URI)

Schroder Investment Management Group lowered its holdings in shares of United Rentals, Inc. (NYSE:URIFree Report) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 61,414 shares of the construction company’s stock after selling 914 shares during the period. Schroder Investment Management Group owned about 0.09% of United Rentals worth $35,216,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in URI. Capital Research Global Investors grew its holdings in United Rentals by 39.1% in the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after acquiring an additional 1,799,997 shares during the last quarter. Norges Bank bought a new stake in United Rentals in the 4th quarter worth $977,443,000. Dimensional Fund Advisors LP grew its holdings in United Rentals by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock worth $714,578,000 after acquiring an additional 56,948 shares during the last quarter. International Assets Investment Management LLC grew its holdings in United Rentals by 58,829.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after acquiring an additional 1,041,281 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in United Rentals by 19.1% in the 3rd quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock worth $414,974,000 after acquiring an additional 149,838 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of a number of recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. The Goldman Sachs Group raised their target price on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Stifel Nicolaus raised their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Evercore ISI raised their target price on shares of United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Finally, Truist Financial raised their target price on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $612.73.

Get Our Latest Analysis on United Rentals

Insider Transactions at United Rentals

In other news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at $72,341,742. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

United Rentals Stock Up 2.0 %

Shares of United Rentals stock opened at $643.40 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The stock has a market capitalization of $42.84 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 2.09 and a beta of 1.75. United Rentals, Inc. has a 52-week low of $382.24 and a 52-week high of $732.37. The company has a 50-day simple moving average of $673.51 and a two-hundred day simple moving average of $630.02.

United Rentals (NYSE:URIGet Free Report) last issued its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $7.95 earnings per share. On average, analysts anticipate that United Rentals, Inc. will post 43.61 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.01%. United Rentals’s dividend payout ratio is presently 17.66%.

About United Rentals

(Free Report)

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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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