Natixis Advisors LLC Sells 762 Shares of United Rentals, Inc. (NYSE:URI)

Natixis Advisors LLC cut its stake in United Rentals, Inc. (NYSE:URI) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,494 shares of the construction company’s stock after selling 762 shares during the quarter. Natixis Advisors LLC owned 0.10% of United Rentals worth $44,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds 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 valued at $10,464,000 after acquiring an additional 877 shares during 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 valued at $313,627,000 after acquiring an additional 6,787 shares during the last quarter. Retireful LLC bought a new stake in shares of United Rentals in the 3rd quarter valued at 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 valued at $1,000,000 after acquiring an additional 941 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock valued at $517,018,000 after acquiring an additional 52,037 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Insider Activity at United Rentals

In related 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 value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by company insiders.

United Rentals Trading Up 4.9 %

NYSE URI opened at $623.35 on Monday. The company has a market cap of $40.71 billion, a PE ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.76. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98. The stock has a 50 day moving average of $701.71 and a 200-day moving average of $760.67.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors 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 1.15%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio is 18.48%.

Analyst Upgrades and Downgrades

URI has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. 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 research report on Wednesday, February 19th. Finally, Morgan Stanley decreased their price objective on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $829.00.

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.