United Rentals, Inc. (NYSE:URI) Shares Sold by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 784 shares of the construction company’s stock after selling 17 shares during the period. Smartleaf Asset Management LLC’s holdings in United Rentals were worth $554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlueStem Wealth Partners LLC acquired a new stake in shares of United Rentals during the 4th quarter valued at $205,000. Mitchell Capital Management Co. acquired a new stake in shares of United Rentals during the 4th quarter valued at $3,982,000. Duncker Streett & Co. Inc. lifted its position in shares of United Rentals by 2.5% during the 4th quarter. Duncker Streett & Co. Inc. now owns 5,575 shares of the construction company’s stock valued at $3,927,000 after acquiring an additional 134 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of United Rentals by 1.8% during the 4th quarter. Jacobi Capital Management LLC now owns 1,913 shares of the construction company’s stock valued at $1,348,000 after acquiring an additional 33 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of United Rentals by 5.4% during the 4th quarter. Metis Global Partners LLC now owns 2,830 shares of the construction company’s stock valued at $1,994,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 3.9 %

NYSE URI opened at $617.44 on Tuesday. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $40.32 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. The firm’s fifty day simple moving average is $719.38 and its 200-day simple moving average is $767.93.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.16%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 18.48%.

Wall Street Analyst Weigh In

URI has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price 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. Citigroup cut their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Argus boosted their target price 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. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Truist Financial reissued a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. One 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. Based on data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $829.00.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction 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 transaction, 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 filing with the SEC, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

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.