United Rentals, Inc. (NYSE:URI) Shares Bought by Groupama Asset Managment

Groupama Asset Managment increased its stake in United Rentals, Inc. (NYSE:URI) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,586 shares of the construction company’s stock after buying an additional 12,219 shares during the period. Groupama Asset Managment owned about 0.09% of United Rentals worth $42,773,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC lifted its position in shares of United Rentals by 17.7% during the third quarter. Townsquare Capital LLC now owns 2,383 shares of the construction company’s stock worth $1,930,000 after purchasing an additional 359 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in United Rentals by 15.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,925 shares of the construction company’s stock worth $2,368,000 after buying an additional 400 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of United Rentals in the 3rd quarter worth approximately $103,000. Fred Alger Management LLC bought a new stake in shares of United Rentals in the 3rd quarter valued at approximately $2,043,000. Finally, Erste Asset Management GmbH bought a new position in United Rentals during the third quarter worth $2,263,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction 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 $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by insiders.

United Rentals Stock Performance

URI stock opened at $625.97 on Tuesday. The company has a 50-day simple moving average of $684.08 and a 200 day simple moving average of $754.67. The company has a market capitalization of $40.90 billion, a P/E ratio of 16.15, a PEG ratio of 1.43 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a fifty-two week low of $585.27 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

Analysts Set New Price Targets

URI has been the subject of several recent research reports. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and dropped their price objective for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Morgan Stanley decreased their target price on United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. 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 report on Wednesday, February 19th. Finally, Truist Financial reissued a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $804.15.

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.