ExodusPoint Capital Management LP Buys Shares of 19,329 United Rentals, Inc. (NYSE:URI)

ExodusPoint Capital Management LP acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,329 shares of the construction company's stock, valued at approximately $13,616,000.

Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new position in United Rentals in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter valued at $26,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals during the fourth quarter worth $27,000. Meeder Asset Management Inc. raised its position in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in United Rentals during the fourth quarter worth $33,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

NYSE URI traded up $60.39 during trading on Wednesday, reaching $612.33. The company's stock had a trading volume of 2,342,700 shares, compared to its average volume of 586,004. The firm has a 50 day moving average price of $650.92 and a 200 day moving average price of $743.68. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

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United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.17%. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's dividend payout ratio is presently 18.48%.

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.51% of the company's stock.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Evercore ISI dropped their price objective on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and reduced their target price for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Bank of America decreased their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $752.14.

About United Rentals

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.