United Rentals, Inc. (NYSE:URI) Stock Position Raised by Aviva PLC

Aviva PLC boosted its holdings in United Rentals, Inc. (NYSE:URI) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,006 shares of the construction company’s stock after acquiring an additional 1,766 shares during the period. Aviva PLC’s holdings in United Rentals were worth $96,513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Centiva Capital LP acquired a new position in United Rentals during the 3rd quarter valued at approximately $1,077,000. Integrated Wealth Concepts LLC lifted its stake in United Rentals by 7.6% in the third quarter. Integrated Wealth Concepts LLC now owns 355 shares of the construction company’s stock valued at $288,000 after buying an additional 25 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of United Rentals by 76.3% during the third quarter. Quantinno Capital Management LP now owns 7,509 shares of the construction company’s stock valued at $6,080,000 after acquiring an additional 3,250 shares during the period. SageView Advisory Group LLC grew its position in shares of United Rentals by 8.6% during the third quarter. SageView Advisory Group LLC now owns 682 shares of the construction company’s stock worth $552,000 after acquiring an additional 54 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of United Rentals in the 3rd quarter worth about $3,675,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

NYSE:URI opened at $564.56 on Friday. 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 price is $669.75 and its 200 day moving average price is $750.88. United Rentals, Inc. has a 52-week low of $544.32 and a 52-week high of $896.98. The firm has a market cap of $36.88 billion, a P/E ratio of 14.57, a PEG ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 return on equity of 34.21% and a net margin of 16.78%. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed 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 represents a $7.16 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is 18.48%.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $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 is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on URI. Morgan Stanley reduced their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. 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 report on Friday, January 31st. Evercore ISI decreased their price objective on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Truist Financial reaffirmed a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $804.15.

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.