Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in shares of United Rentals, Inc. (NYSE:URI – Get Rating) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,823 shares of the construction company’s stock after selling 58,139 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.43% of United Rentals worth $106,919,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of United Rentals by 2.3% during the first quarter. Vanguard Group Inc. now owns 8,179,328 shares of the construction company’s stock worth $2,905,379,000 after acquiring an additional 186,931 shares during the period. BlackRock Inc. raised its holdings in shares of United Rentals by 0.8% during the third quarter. BlackRock Inc. now owns 5,631,282 shares of the construction company’s stock worth $1,521,122,000 after acquiring an additional 41,952 shares during the period. Boston Partners raised its holdings in shares of United Rentals by 27.0% during the third quarter. Boston Partners now owns 1,168,327 shares of the construction company’s stock worth $317,729,000 after acquiring an additional 248,072 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of United Rentals by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,162,951 shares of the construction company’s stock worth $314,151,000 after acquiring an additional 32,283 shares during the period. Finally, Putnam Investments LLC raised its holdings in shares of United Rentals by 0.3% during the third quarter. Putnam Investments LLC now owns 909,639 shares of the construction company’s stock worth $245,712,000 after acquiring an additional 2,829 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Craig Adam Pintoff sold 4,761 shares of United Rentals stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $434.56, for a total transaction of $2,068,940.16. Following the completion of the sale, the executive vice president now owns 15,942 shares of the company’s stock, valued at approximately $6,927,755.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Andrew B. Limoges sold 519 shares of United Rentals stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $432.00, for a total transaction of $224,208.00. Following the completion of the sale, the vice president now owns 2,235 shares of the company’s stock, valued at approximately $965,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig Adam Pintoff sold 4,761 shares of United Rentals stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $434.56, for a total transaction of $2,068,940.16. Following the completion of the sale, the executive vice president now owns 15,942 shares of the company’s stock, valued at approximately $6,927,755.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,672 shares of company stock valued at $13,871,422. Company insiders own 0.53% of the company’s stock.
United Rentals Stock Performance
United Rentals (NYSE:URI – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The construction company reported $9.74 EPS for the quarter, missing analysts’ consensus estimates of $10.12 by ($0.38). The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.29 billion. United Rentals had a net margin of 18.08% and a return on equity of 36.12%. The business’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the business earned $7.39 EPS. As a group, equities analysts forecast that United Rentals, Inc. will post 42.07 earnings per share for the current year.
United Rentals Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Tuesday, February 7th. United Rentals’s payout ratio is 4.97%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on URI. Wells Fargo & Company raised their target price on shares of United Rentals from $435.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, January 10th. Citigroup raised their target price on shares of United Rentals to $415.00 in a research report on Wednesday, December 14th. Morgan Stanley raised their target price on shares of United Rentals from $404.00 to $441.00 and gave the company an “equal weight” rating in a research report on Monday, January 30th. StockNews.com began coverage on shares of United Rentals in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus raised their target price on shares of United Rentals from $450.00 to $505.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $431.38.
United Rentals Company Profile
United Rentals, Inc engages in the equipment rental business. It operates through the General Rentals and Specialty segments. The General Rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The Specialty segment focuses on the rental of specialty construction products such as trench safety equipment, power and HVAC equipment, fluid solutions equipment, mobile storage equipment and modular office space.
Featured Articles
- Get a free copy of the StockNews.com research report on United Rentals (URI)
- Should Cheesecake Factory Stock Be On Your Menu?
- Buffett Reduces Taiwan Semiconductor Stake After This Happened
- Don’t Get Bullish On The S&P 500 Because Of The CPI Report
- Shockwave Medical Gets 10% Jolt, Leads Medical Gear Makers Higher
- Proterra Inc., A Penny Stock To Put On The Watchlist
Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI – Get Rating).
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.
