United Rentals, Inc. (NYSE:URI) Shares Sold by United Capital Management of KS Inc.

United Capital Management of KS Inc. cut its stake in United Rentals, Inc. (NYSE:URI) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,065 shares of the construction company’s stock after selling 563 shares during the period. United Rentals makes up 1.2% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 29th largest position. United Capital Management of KS Inc.’s holdings in United Rentals were worth $6,386,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of URI. Atala Financial Inc acquired a new position in United Rentals during the fourth quarter valued at approximately $279,000. LBP AM SA acquired a new position in United Rentals during the fourth quarter valued at approximately $3,615,000. Impact Capital Partners LLC acquired a new position in United Rentals during the fourth quarter valued at approximately $344,000. Commonwealth Equity Services LLC lifted its position in United Rentals by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 54,998 shares of the construction company’s stock valued at $38,743,000 after buying an additional 1,680 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of United Rentals by 36.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 24,409 shares of the construction company’s stock valued at $17,233,000 after purchasing an additional 6,475 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of NYSE URI opened at $623.35 on Friday. The business has a fifty day simple moving average of $701.71 and a 200 day simple moving average of $760.27. 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 firm has a market capitalization of $40.71 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98.

United Rentals (NYSE:URI) last issued its earnings results 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%. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio is currently 18.48%.

Analysts Set New Price Targets

URI has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. 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. Finally, Truist Financial reissued a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the 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 sale, 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

About United Rentals

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.