United Rentals, Inc. (NYSE:URI) Shares Sold by Pitcairn Co.

Pitcairn Co. decreased its stake in shares of United Rentals, Inc. (NYSE:URI) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,657 shares of the construction company’s stock after selling 53 shares during the period. Pitcairn Co.’s holdings in United Rentals were worth $1,167,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ExodusPoint Capital Management LP purchased a new stake in shares of United Rentals during the 4th quarter valued at $13,616,000. Arete Wealth Advisors LLC grew its position in United Rentals by 99.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 613 shares of the construction company’s stock valued at $432,000 after acquiring an additional 305 shares during the period. Bryce Point Capital LLC acquired a new stake in United Rentals during the fourth quarter worth about $505,000. Huntington National Bank raised its holdings in shares of United Rentals by 8.8% in the 4th quarter. Huntington National Bank now owns 385 shares of the construction company’s stock worth $271,000 after purchasing an additional 31 shares during the period. Finally, Groupama Asset Managment lifted its stake in shares of United Rentals by 25.3% in the 4th quarter. Groupama Asset Managment now owns 60,586 shares of the construction company’s stock valued at $42,773,000 after purchasing an additional 12,219 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

United Rentals stock opened at $591.27 on Friday. United Rentals, Inc. has a 52 week low of $580.00 and a 52 week 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 stock has a market cap of $38.63 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The stock has a 50 day moving average of $674.26 and a 200-day moving average of $752.11.

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

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.21%. 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 (DPR) is 18.48%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on URI shares. Citigroup cut their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and lowered their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Truist Financial reissued a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their target price on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $804.15.

Insider Activity at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

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.