Diversified Trust Co Has $1.05 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Diversified Trust Co grew its position in United Rentals, Inc. (NYSE:URI) by 7.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,449 shares of the construction company’s stock after buying an additional 106 shares during the period. Diversified Trust Co’s holdings in United Rentals were worth $1,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in United Rentals by 39.1% in the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after acquiring an additional 1,799,997 shares during the period. Norges Bank bought a new position in shares of United Rentals during the 4th quarter valued at about $977,443,000. Dimensional Fund Advisors LP grew its position in shares of United Rentals by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock valued at $714,578,000 after purchasing an additional 56,948 shares during the period. International Assets Investment Management LLC increased its stake in United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after purchasing an additional 1,041,281 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in United Rentals by 1.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock worth $372,945,000 after buying an additional 11,429 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of several research analyst reports. Truist Financial upped their price target on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a report on Monday, April 29th. JPMorgan Chase & Co. initiated coverage on United Rentals in a report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company. The Goldman Sachs Group lifted their price target on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Raymond James started coverage on United Rentals in a research report on Friday. They set an “outperform” rating and a $750.00 price objective for the company. Finally, Citigroup assumed coverage on United Rentals in a research report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $638.40.

Insider Transactions at United Rentals

In other United Rentals news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

Shares of URI opened at $640.84 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The company’s fifty day simple moving average is $660.61 and its 200 day simple moving average is $646.32. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $732.37. The company has a market cap of $42.67 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.12 and a beta of 1.71.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the business earned $7.95 EPS. United Rentals’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts forecast that United Rentals, Inc. will post 43.87 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a dividend of $1.63 per share. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 1.02%. United Rentals’s dividend payout ratio is currently 17.66%.

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.