United Rentals, Inc. (NYSE:URI) Stock Position Increased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its position in United Rentals, Inc. (NYSE:URI) by 0.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,442 shares of the construction company’s stock after purchasing an additional 122 shares during the period. O Shaughnessy Asset Management LLC’s holdings in United Rentals were worth $11,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in United Rentals by 39.1% during the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after purchasing an additional 1,799,997 shares during the last quarter. Norges Bank acquired a new position in United Rentals during the fourth quarter worth $977,443,000. Dimensional Fund Advisors LP lifted its holdings in United Rentals by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock valued at $714,578,000 after purchasing an additional 56,948 shares during the last quarter. International Assets Investment Management LLC increased its holdings in United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after purchasing an additional 1,041,281 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of United Rentals by 1.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock valued at $372,945,000 after buying an additional 11,429 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Raymond James started coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target on the stock. Truist Financial cut their price target on shares of United Rentals from $796.00 to $785.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Stifel Nicolaus upped their price target on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Citigroup began coverage on United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target on the stock. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and an average target price of $637.67.

United Rentals Trading Up 0.8 %

United Rentals stock traded up $5.58 during trading hours on Tuesday, reaching $743.93. The company had a trading volume of 596,147 shares, compared to its average volume of 575,070. The firm has a market cap of $49.54 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 2.36 and a beta of 1.71. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The company has a 50-day moving average price of $660.98 and a 200 day moving average price of $658.09. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $759.98.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping the consensus estimate of $8.35 by $0.80. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $7.95 EPS. Equities analysts forecast that United Rentals, Inc. will post 43.89 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.88%. United Rentals’s payout ratio is currently 17.66%.

Insider Transactions at United Rentals

In other United Rentals news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at approximately $5,431,557.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The disclosure for this sale can be found here. Company 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.