Janus Henderson Group PLC Has $7.51 Million Holdings in United Rentals, Inc. (NYSE:URI)

Janus Henderson Group PLC raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,669 shares of the construction company’s stock after purchasing an additional 1,713 shares during the period. Janus Henderson Group PLC’s holdings in United Rentals were worth $7,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of United Rentals in the 4th quarter valued at about $695,716,000. Capital World Investors increased its stake in shares of United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock valued at $1,564,722,000 after acquiring an additional 323,636 shares during the last quarter. Capital International Investors increased its stake in shares of United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock valued at $740,624,000 after acquiring an additional 305,491 shares during the last quarter. Marshall Wace LLP increased its stake in shares of United Rentals by 105.6% in the 4th quarter. Marshall Wace LLP now owns 546,165 shares of the construction company’s stock valued at $384,740,000 after acquiring an additional 280,502 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of United Rentals in the 4th quarter valued at about $171,733,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on URI shares. Robert W. Baird upped their price target on United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Citigroup lowered their price target on United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Truist Financial increased their target price on United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Finally, Evercore ISI lowered their target price on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $748.38.

United Rentals Trading Up 1.9%

NYSE:URI opened at $726.59 on Friday. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average price of $626.76 and a two-hundred day moving average price of $710.24. The company has a market cap of $47.23 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

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

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is currently 18.54%.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the company’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 transaction of $499,748.88. Following the completion of the transaction, the vice president now owns 1,921 shares of the company’s stock, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael D. Durand sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,908 shares of company stock valued at $1,890,567 in the last quarter. 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.