United Rentals, Inc. (NYSE:URI) Stock Position Trimmed by KBC Group NV

KBC Group NV decreased its position in United Rentals, Inc. (NYSE:URIFree Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,366 shares of the construction company’s stock after selling 184 shares during the period. KBC Group NV’s holdings in United Rentals were worth $9,416,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in URI. Union Bancaire Privee UBP SA acquired a new stake in United Rentals in the 4th quarter valued at approximately $16,253,000. Blue Trust Inc. grew its stake in shares of United Rentals by 21.2% in the fourth quarter. Blue Trust Inc. now owns 1,098 shares of the construction company’s stock worth $773,000 after purchasing an additional 192 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $368,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of United Rentals by 65.4% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 541 shares of the construction company’s stock valued at $381,000 after purchasing an additional 214 shares during the period. Finally, Patton Albertson Miller Group LLC raised its stake in shares of United Rentals by 0.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 14,842 shares of the construction company’s stock valued at $10,455,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the topic of several research analyst reports. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Argus boosted their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Citigroup dropped their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays raised their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $813.73.

Read Our Latest Stock Analysis on United Rentals

United Rentals Price Performance

URI stock opened at $758.30 on Thursday. The firm has a 50-day moving average of $767.89 and a two-hundred day moving average of $768.71. The firm has a market capitalization of $49.76 billion, a PE ratio of 19.80, a P/E/G ratio of 1.73 and a beta of 1.69. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98.

United Rentals (NYSE:URIGet Free Report) last posted its quarterly earnings data 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 34.73% and a net margin of 17.12%. On average, analysts forecast that United Rentals, Inc. will post 43.43 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.94%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is presently 17.03%.

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.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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