United Rentals, Inc. (NYSE:URI) Shares Sold by Foundry Partners LLC

Foundry Partners LLC reduced its position in United Rentals, Inc. (NYSE:URI) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,099 shares of the construction company’s stock after selling 357 shares during the quarter. United Rentals comprises about 1.4% of Foundry Partners LLC’s investment portfolio, making the stock its 12th biggest position. Foundry Partners LLC’s holdings in United Rentals were worth $27,543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. Rialto Wealth Management LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $25,000. ORG Wealth Partners LLC acquired a new stake in United Rentals during the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its position in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after buying an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in United Rentals during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

Shares of URI opened at $591.27 on Friday. The firm has a market cap of $38.63 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.43 and a beta of 1.72. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average is $674.26 and its two-hundred day moving average is $752.11. United Rentals, Inc. has a 52-week low of $580.00 and a 52-week high of $896.98.

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

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.21%. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Evercore ISI cut their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $804.15.

About United Rentals

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.