Chesley Taft & Associates LLC Trims Stock Holdings in United Rentals, Inc. (NYSE:URI)

Chesley Taft & Associates LLC reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,917 shares of the construction company’s stock after selling 30 shares during the quarter. Chesley Taft & Associates LLC’s holdings in United Rentals were worth $2,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC raised its holdings in United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after acquiring an additional 85,325 shares during the period. International Assets Investment Management LLC raised its stake in shares of United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the period. Geode Capital Management LLC lifted its holdings in United Rentals by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock worth $1,264,326,000 after purchasing an additional 9,256 shares in the last quarter. Franklin Resources Inc. boosted its stake in United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after purchasing an additional 57,002 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after buying an additional 105,287 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on URI shares. Robert W. Baird upgraded shares of 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. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Truist Financial decreased their target price on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $805.08.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company’s stock.

United Rentals Stock Up 1.8 %

Shares of NYSE URI opened at $770.81 on Tuesday. The stock has a market capitalization of $50.58 billion, a P/E ratio of 20.13, a PEG ratio of 1.71 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a one year low of $553.22 and a one year high of $896.98. The firm’s 50 day simple moving average is $776.72 and its two-hundred day simple moving average is $763.16.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the business earned $11.73 EPS. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts expect that United Rentals, Inc. will post 43.43 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

United Rentals 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.