Two Sigma Advisers LP Decreases Stake in United Rentals, Inc. (NYSE:URI)

Two Sigma Advisers LP lowered its position in United Rentals, Inc. (NYSE:URI) by 12.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,000 shares of the construction company’s stock after selling 2,200 shares during the quarter. Two Sigma Advisers LP’s holdings in United Rentals were worth $10,567,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock worth $1,564,722,000 after acquiring an additional 323,636 shares during the last quarter. Geode Capital Management LLC increased its holdings in United Rentals by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company’s stock worth $1,115,142,000 after acquiring an additional 20,401 shares during the last quarter. Alliancebernstein L.P. increased its holdings in United Rentals by 16.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company’s stock worth $880,778,000 after acquiring an additional 172,340 shares during the last quarter. Franklin Resources Inc. increased its holdings in United Rentals by 9.8% in the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company’s stock worth $770,199,000 after acquiring an additional 97,336 shares during the last quarter. Finally, Capital International Investors increased its holdings in United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock worth $740,624,000 after acquiring an additional 305,491 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. KeyCorp raised United Rentals from a “sector weight” rating to an “overweight” rating and set a $865.00 price objective for the company in a report on Thursday. Robert W. Baird lifted their target price on United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Cfra Research raised United Rentals to a “strong-buy” rating in a report on Friday, April 25th. Evercore ISI reduced their target price on United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a report on Monday. Finally, Truist Financial lifted their target price on United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $765.07.

Insider Activity

In related news, VP Andrew B. Limoges sold 708 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. The trade was a 13.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,908 shares of company stock worth $1,890,567. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Performance

Shares of URI opened at $702.53 on Friday. The company has a market cap of $45.66 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average price of $634.56 and a 200-day moving average price of $708.40. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $9.15 EPS. As a group, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.02%. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

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.