United Rentals, Inc. (NYSE:URI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,533 shares of the construction company’s stock after selling 6,025 shares during the period. Wellington Management Group LLP’s holdings in United Rentals were worth $8,907,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in URI. Capital Research Global Investors raised its holdings in shares of United Rentals by 39.1% in the 4th 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 in the last quarter. Norges Bank acquired a new stake in United Rentals in the fourth quarter valued at $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 worth $714,578,000 after buying an additional 56,948 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of 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 worth $598,106,000 after acquiring an additional 1,041,281 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of United Rentals by 1.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock valued at $372,945,000 after acquiring an additional 11,429 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 1.1 %

NYSE:URI opened at $623.04 on Friday. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $732.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The stock has a fifty day moving average price of $660.01 and a two-hundred day moving average price of $643.09. The stock has a market capitalization of $41.49 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.07 and a beta of 1.75.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $7.95 EPS. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 43.87 earnings per share for the current fiscal 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 paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 1.05%. The ex-dividend date was Tuesday, May 7th. United Rentals’s payout ratio is currently 17.66%.

Wall Street Analyst Weigh In

URI has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Oppenheimer restated a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Truist Financial lifted their price target on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. The Goldman Sachs Group raised their price objective on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Citigroup started coverage on United Rentals in a research report on Wednesday. They set a “buy” rating and a $745.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, United Rentals presently has a consensus rating of “Hold” and a consensus target price of $630.43.

Insider Buying and Selling

In other news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

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.