United Rentals, Inc. (NYSE:URI) Shares Acquired by Amundi

Amundi boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,731 shares of the construction company’s stock after purchasing an additional 49,421 shares during the period. Amundi owned approximately 0.44% of United Rentals worth $192,110,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in URI. Rialto Wealth Management LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in United Rentals in the fourth quarter valued at about $26,000. Hanson & Doremus Investment Management acquired a new stake in United Rentals during the 4th quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals during the 4th quarter worth approximately $34,000. Finally, Promus Capital LLC acquired a new position in shares of United Rentals in the 4th quarter valued at approximately $41,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI decreased 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. Citigroup decreased their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average price target of $829.00.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the 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 directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $628.63 on Monday. The stock has a market cap of $41.05 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. The firm’s 50-day simple moving average is $711.17 and its 200 day simple moving average is $765.19. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last released its quarterly earnings results 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 return on equity of 34.21% and a net margin of 16.78%. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. United Rentals’s dividend payout ratio is 18.48%.

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.