Corebridge Financial Inc. Sells 341 Shares of United Rentals, Inc. (NYSE:URI)

Corebridge Financial Inc. trimmed its position in United Rentals, Inc. (NYSE:URI) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,812 shares of the construction company’s stock after selling 341 shares during the period. Corebridge Financial Inc.’s holdings in United Rentals were worth $11,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Adell Harriman & Carpenter Inc. lifted its holdings in shares of United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after purchasing an additional 14 shares during the last quarter. Valmark Advisers Inc. increased its position in United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock valued at $555,000 after buying an additional 14 shares in the last quarter. Erste Asset Management GmbH raised its stake in United Rentals by 0.5% in the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock valued at $2,002,000 after buying an additional 14 shares during the last quarter. Brooklyn Investment Group boosted its holdings in United Rentals by 3.4% in the third quarter. Brooklyn Investment Group now owns 450 shares of the construction company’s stock worth $364,000 after acquiring an additional 15 shares in the last quarter. Finally, Klingman & Associates LLC grew its stake in shares of United Rentals by 2.3% during the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock worth $471,000 after acquiring an additional 15 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 1.0 %

Shares of NYSE:URI opened at $653.71 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98. The business has a 50 day moving average of $694.07 and a two-hundred day moving average of $756.62. The company has a market capitalization of $42.69 billion, a PE ratio of 16.87, a PEG ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last posted its 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%. As a group, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.10%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial reaffirmed 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. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI cut their target price 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. Morgan Stanley lowered their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $804.15.

Insider Activity at United Rentals

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 in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by company 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.