Central Bank & Trust Co. Sells 2,351 Shares of United Rentals, Inc. (NYSE:URI)

Central Bank & Trust Co. reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,656 shares of the construction company’s stock after selling 2,351 shares during the quarter. United Rentals accounts for approximately 1.2% of Central Bank & Trust Co.’s holdings, making the stock its 25th biggest position. Central Bank & Trust Co.’s holdings in United Rentals were worth $8,211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its holdings in United Rentals by 82,462.2% during the third 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 buying an additional 1,604,715 shares during the last quarter. Marshall Wace LLP grew its position in shares of United Rentals by 259.3% during the 2nd quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after acquiring an additional 108,360 shares during the period. JPMorgan Chase & Co. increased its stake in shares of United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after purchasing an additional 105,287 shares in the last quarter. FMR LLC raised its holdings in United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after purchasing an additional 85,325 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in United Rentals by 10.5% during the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after purchasing an additional 66,957 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

NYSE:URI opened at $770.81 on Tuesday. The company has a market capitalization of $50.58 billion, a P/E ratio of 20.13, a P/E/G ratio of 1.71 and a beta of 1.69. The business’s 50-day moving average is $776.72 and its 200 day moving average is $763.16. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $553.22 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last posted 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 net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company posted $11.73 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that United Rentals, Inc. will post 43.43 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Citigroup decreased their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Truist Financial lowered their target price on shares of 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $805.08.

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.