Aquatic Capital Management LLC Invests $16.73 Million in United Rentals, Inc. (NYSE:URI)

Aquatic Capital Management LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,748 shares of the construction company's stock, valued at approximately $16,729,000.

A number of other institutional investors also recently added to or reduced their stakes in URI. Wilmington Savings Fund Society FSB bought a new stake in United Rentals during the third quarter valued at about $2,147,000. Tidal Investments LLC boosted its position in United Rentals by 8.1% during the third quarter. Tidal Investments LLC now owns 8,295 shares of the construction company's stock valued at $6,717,000 after purchasing an additional 624 shares in the last quarter. Synovus Financial Corp boosted its position in United Rentals by 8.4% during the third quarter. Synovus Financial Corp now owns 634 shares of the construction company's stock valued at $513,000 after purchasing an additional 49 shares in the last quarter. Franklin Resources Inc. boosted its position in United Rentals by 6.1% during the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock valued at $862,110,000 after purchasing an additional 57,002 shares in the last quarter. Finally, American Trust boosted its position in United Rentals by 206.3% during the third quarter. American Trust now owns 1,207 shares of the construction company's stock valued at $977,000 after purchasing an additional 813 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

Insider Activity

In other news, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Cfra Research raised United Rentals to a "strong-buy" rating in a report on Friday. Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a report on Wednesday, April 16th. Truist Financial raised their price target on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday. Evercore ISI lowered their price target 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, Citigroup lowered their price target on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $725.69.

United Rentals Stock Performance

URI stock traded up $0.62 during trading on Tuesday, hitting $629.80. 479,927 shares of the company traded hands, compared to its average volume of 591,655. The stock's 50-day simple moving average is $613.03 and its 200 day simple moving average is $723.88. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market cap of $40.94 billion, a PE ratio of 16.25, a P/E/G ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm's revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.15 earnings per share. On average, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

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.