United Rentals, Inc. $URI Shares Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 3.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,029 shares of the construction company’s stock after buying an additional 902 shares during the quarter. Trillium Asset Management LLC’s holdings in United Rentals were worth $19,899,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in URI. Great Valley Advisor Group Inc. grew its stake in shares of United Rentals by 2.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after buying an additional 11 shares in the last quarter. Gleason Group Inc. grew its stake in shares of United Rentals by 4.3% in the 4th quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock valued at $218,000 after buying an additional 11 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in shares of United Rentals by 1.2% in the 4th quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock valued at $783,000 after buying an additional 11 shares in the last quarter. Fearless Solutions LLC dba Best Invest grew its stake in shares of United Rentals by 2.2% in the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock valued at $448,000 after buying an additional 12 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its stake in shares of United Rentals by 3.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock valued at $260,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,088 shares of company stock valued at $25,628,877 in the last three months. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on URI shares. Evercore reissued an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a research note on Monday, May 11th. Sanford C. Bernstein set a $903.00 price target on United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. KeyCorp boosted their target price on United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Barclays boosted their target price on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Finally, Truist Financial set a $1,209.00 target price on United Rentals in a report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,045.81.

United Rentals Stock Up 0.7%

URI opened at $1,076.03 on Friday. The business has a 50 day moving average price of $920.44 and a 200 day moving average price of $862.24. United Rentals, Inc. has a twelve month low of $682.08 and a twelve month high of $1,106.88. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The firm has a market cap of $67.41 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 1.69 and a beta of 1.81.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the firm posted $8.86 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts forecast that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s payout ratio is 20.10%.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.