United Rentals, Inc. (NYSE:URI) Shares Acquired by Keybank National Association OH

Keybank National Association OH grew its holdings in United Rentals, Inc. (NYSE:URI) by 24.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,975 shares of the construction company’s stock after buying an additional 387 shares during the quarter. Keybank National Association OH’s holdings in United Rentals were worth $1,391,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in United Rentals during the fourth quarter worth $26,000. Hanson & Doremus Investment Management acquired a new position in United Rentals during the fourth quarter worth $33,000. Kestra Investment Management LLC acquired a new position in United Rentals during the fourth quarter worth $34,000. CarsonAllaria Wealth Management Ltd. acquired a new position in United Rentals during the fourth quarter worth $42,000. Finally, Ashton Thomas Securities LLC acquired a new position in United Rentals during the third quarter worth $61,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by company insiders.

United Rentals Price Performance

Shares of NYSE:URI opened at $628.63 on Friday. The company has a market cap of $41.05 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The business has a fifty day simple moving average of $712.93 and a 200-day simple moving average of $765.21.

United Rentals (NYSE:URI) last announced 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%. Equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is 18.48%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on URI shares. Argus lifted their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Citigroup cut their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report 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 for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $829.00.

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.