Robeco Institutional Asset Management B.V. Sells 6,923 Shares of United Rentals, Inc. (NYSE:URI)

Robeco Institutional Asset Management B.V. cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 39.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,587 shares of the construction company’s stock after selling 6,923 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in United Rentals were worth $7,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in United Rentals during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals in the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. grew its position in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares in the last quarter. HM Payson & Co. bought a new position in shares of United Rentals in the third quarter worth $41,000. Finally, Trust Co. of Vermont raised its position in shares of United Rentals by 6,000.0% in the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after buying an additional 60 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

United Rentals stock opened at $756.78 on Friday. The firm has a fifty day simple moving average of $764.73 and a two-hundred day simple moving average of $769.27. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The company has a market capitalization of $49.66 billion, a PE ratio of 19.53, a P/E/G ratio of 1.68 and a beta of 1.69. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.51%. Research analysts expect that United Rentals, Inc. will post 46.06 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. United Rentals’s dividend payout ratio (DPR) is currently 16.83%.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent analyst reports. Barclays boosted their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Citigroup lowered 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 boosted their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $818.55.

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.