Zurcher Kantonalbank Zurich Cantonalbank Sells 39,474 Shares of United Rentals, Inc. (NYSE:URI)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 22.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,740 shares of the construction company’s stock after selling 39,474 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.21% of United Rentals worth $96,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of URI. Rialto Wealth Management LLC bought a new position in United Rentals during the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter worth approximately $26,000. Hanson & Doremus Investment Management bought a new position in shares of United Rentals in the fourth quarter worth approximately $33,000. Kestra Investment Management LLC bought a new position in shares of United Rentals in the fourth quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new position in shares of United Rentals in the fourth quarter worth approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.

United Rentals Stock Performance

Shares of United Rentals stock opened at $628.63 on Monday. 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 firm has a market capitalization of $41.05 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. The business has a fifty day simple moving average of $711.17 and a two-hundred day simple moving average of $765.19. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is currently 18.48%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial restated a “buy” rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Morgan Stanley cut their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Citigroup cut their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $829.00.

United Rentals 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.