Wealthfront Advisers LLC Reduces Holdings in United Rentals, Inc. (NYSE:URI)

Wealthfront Advisers LLC trimmed its stake in United Rentals, Inc. (NYSE:URI) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,210 shares of the construction company’s stock after selling 1,742 shares during the period. Wealthfront Advisers LLC’s holdings in United Rentals were worth $5,079,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. increased its stake in shares of United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock worth $10,464,000 after acquiring an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Rentals by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock worth $313,627,000 after acquiring an additional 6,787 shares in the last quarter. Retireful LLC bought a new position in shares of United Rentals in the 3rd quarter worth about $697,000. Fiduciary Alliance LLC increased its stake in shares of United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock worth $1,000,000 after acquiring an additional 941 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its stake in shares of United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after acquiring an additional 54,750 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

Shares of URI stock opened at $609.89 on Thursday. The company has a 50 day moving average price of $705.09 and a 200-day moving average price of $762.28. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The firm has a market capitalization of $39.83 billion, a PE ratio of 15.74, 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 (NYSE:URI) last announced its quarterly 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 return on equity of 34.21% and a net margin of 16.78%. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.17%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is 18.48%.

Analysts Set New Price Targets

URI has been the subject of several research reports. Argus increased 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. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research note on Tuesday, January 14th. Evercore ISI decreased their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Truist Financial restated a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Morgan Stanley reduced their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $829.00.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by company insiders.

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.