6 days Ago By Defense World Staff
Wellington Management Group LLP lessened its holdings in United Rentals, Inc. (NYSE:URI – Free Report) by 84.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 834 shares of the construction company’s stock after selling 4,449 shares during the quarter. Wellington Management Group LLP’s holdings in United Rentals were worth $588,000 at the end of the most recent reporting period. A number of other institutional investors also recently bought and sold shares of URI.
O Shaughnessy Asset Management LLC increased its stake in shares of United Rentals by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,670 shares of the construction company’s stock worth $11,743,000 after acquiring an additional 289 shares during the period.
Clearbridge Investments LLC raised its stake in shares of United Rentals by 7.5% during the 4th quarter. Clearbridge Investments LLC now owns 13,527 shares of the construction company’s stock valued at $9,529,000 after buying an additional 943 shares during the last quarter.
Physician Wealth Advisors Inc. acquired a new position in shares of United Rentals in the 4th quarter valued at about $111,000. Allstate Corp purchased a new stake in shares of United Rentals in the fourth quarter worth about $1,377,000.
Finally, Brown Brothers Harriman & Co. grew its holdings in United Rentals by 92.9% during the fourth quarter.
Brown Brothers Harriman & Co. now owns 81 shares of the construction company’s stock worth $57,000 after acquiring an additional 39 shares during the period. 96.
26% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at United RentalsIn related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th.
The stock was sold at an average price of $638.10, for a total value 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. This trade represents a 13.78 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.53% of the company’s stock.
Wall Street Analyst Weigh InA number of research analysts have issued reports on the company. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Robert W.
Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Truist Financial dropped their price target on shares of United Rentals from $956.
00 to $732.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Sanford C.
Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and decreased their price objective for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th.
Finally, Morgan Stanley lowered their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd.
Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, United Rentals presently has an average rating of “Hold” and an average price target of $734.29.
Get Our Latest Stock Analysis on United RentalsUnited Rentals Stock Up 2.4 %NYSE URI opened at $596.66 on Tuesday.
The business has a fifty day moving average price of $641.47 and a 200 day moving average price of $738.65.
The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.
98. The company has a market cap of $38.98 billion, a P/E ratio of 15.
40, a P/E/G ratio of 1.43 and a beta of 1.72.
United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.
98. United Rentals (NYSE:URI – Get Free Report) 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%.
Research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.
United Rentals Increases DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend.
This represents a $7.16 dividend on an annualized basis and a yield of 1.20%.
This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th.
United Rentals’s dividend payout ratio (DPR) is 18.48%. United Rentals Company Profile (Free Report)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.See AlsoFive stocks we like better than United Rentals3 Stocks to Consider Buying in OctoberWhy NVIDIA Stock Could Soar Despite Wall Street DowngradesHow to Find Undervalued StocksTop 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldOptions Trading – Understanding Strike Price3 Hot New IPOs Defying the 2025 Market SlumpWant 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 – Free Report)..
