TD Asset Management Inc. Purchases 158,214 Shares of United Rentals, Inc. (NYSE:URI)

TD Asset Management Inc. raised its position in United Rentals, Inc. (NYSE:URI) by 207.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 234,366 shares of the construction company’s stock after purchasing an additional 158,214 shares during the quarter. TD Asset Management Inc.’s holdings in United Rentals were worth $165,097,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. boosted its holdings in shares of United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after acquiring an additional 14 shares in the last quarter. Valmark Advisers Inc. boosted its stake in United Rentals by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock worth $555,000 after purchasing an additional 14 shares in the last quarter. Erste Asset Management GmbH grew its holdings in shares of United Rentals by 0.5% during the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock worth $2,002,000 after purchasing an additional 14 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of United Rentals by 3.4% in the third quarter. Brooklyn Investment Group now owns 450 shares of the construction company’s stock valued at $364,000 after buying an additional 15 shares in the last quarter. Finally, Klingman & Associates LLC raised its holdings in shares of United Rentals by 2.3% in the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock valued at $471,000 after buying an additional 15 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on URI. Citigroup decreased their price objective 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. 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 report on Tuesday. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. Finally, Truist Financial reiterated 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $804.15.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 in the company, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by company insiders.

United Rentals Trading Up 1.0 %

URI opened at $653.71 on Wednesday. The firm’s fifty day moving average is $694.07 and its two-hundred day moving average is $756.62. The firm has a market cap of $42.69 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 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%. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $1.79 dividend. 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. This represents a $7.16 annualized dividend and a dividend yield of 1.10%. United Rentals’s payout ratio is currently 18.48%.

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.