380 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Pines Wealth Management LLC

Pines Wealth Management LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 380 shares of the construction company's stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also made changes to their positions in URI. ORG Wealth Partners LLC acquired a new position in United Rentals during the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals during the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. increased its holdings in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after acquiring an additional 20 shares during the period. HM Payson & Co. purchased a new stake in United Rentals in the 3rd quarter valued at $41,000. Finally, Trust Co. of Vermont boosted its stake in United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company's stock worth $49,000 after purchasing an additional 60 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares of the company's stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.49% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on URI shares. Bank of America upped their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. 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 research note on Tuesday. Truist Financial lowered their target price on United Rentals from $965.00 to $963.00 and set a "buy" rating on the stock in a research note on Thursday. Argus increased their price target on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $805.08.

United Rentals Price Performance

Shares of URI stock traded up $16.54 during midday trading on Thursday, reaching $758.03. 542,801 shares of the company traded hands, compared to its average volume of 714,930. The firm has a market cap of $49.74 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The firm's 50 day simple moving average is $782.94 and its two-hundred day simple moving average is $759.89. United Rentals, Inc. has a 1-year low of $545.16 and a 1-year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter in the previous year, the firm posted $11.73 earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Wednesday, November 13th. United Rentals's payout ratio is currently 17.03%.

United Rentals Company 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.