Charles Schwab Investment Management Inc. Has $239.72 Million Holdings in United Rentals, Inc. (NYSE:URI)

Charles Schwab Investment Management Inc. raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 418,051 shares of the construction company’s stock after buying an additional 6,655 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in United Rentals were worth $239,719,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in shares of United Rentals by 58,829.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after buying an additional 1,041,281 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of United Rentals by 19.1% during the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock worth $414,974,000 after buying an additional 149,838 shares during the last quarter. Northern Trust Corp increased its position in shares of United Rentals by 1.5% during the third quarter. Northern Trust Corp now owns 680,217 shares of the construction company’s stock valued at $302,404,000 after purchasing an additional 10,018 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of United Rentals by 12.7% during the third quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company’s stock valued at $284,061,000 after purchasing an additional 72,066 shares during the period. Finally, Deutsche Bank AG increased its position in shares of United Rentals by 88.1% during the third quarter. Deutsche Bank AG now owns 362,151 shares of the construction company’s stock valued at $161,001,000 after purchasing an additional 169,586 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 775 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the transaction, the chief financial officer now owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction dated 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 owns 103,400 shares of the company’s stock, valued at $72,341,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William E. Grace sold 775 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the sale, the chief financial officer now owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The disclosure for this sale can be found here. Insiders have sold 9,713 shares of company stock valued at $6,747,384 over the last 90 days. 0.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on URI shares. The Goldman Sachs Group boosted their price objective on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Stifel Nicolaus upped their price target on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Truist Financial upped their price target on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Robert W. Baird upped their price target on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. Finally, Barclays upped their price target on United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $600.79.

United Rentals Trading Up 0.5 %

Shares of URI opened at $677.84 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 12-month low of $325.91 and a 12-month high of $732.37. The firm has a market capitalization of $45.14 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82. The stock’s fifty day simple moving average is $683.41 and its 200-day simple moving average is $593.02.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the firm posted $7.95 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts predict that United Rentals, Inc. will post 43.61 earnings per share for the current year.

United Rentals announced that its Board of Directors has initiated a stock repurchase program on Wednesday, January 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

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.