Impact Capital Partners LLC Purchases Shares of 488 United Rentals, Inc. (NYSE:URI)

Impact Capital Partners LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 488 shares of the construction company's stock, valued at approximately $344,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First County Bank CT raised its stake in shares of United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company's stock worth $342,000 after acquiring an additional 13 shares during the last quarter. Allen Capital Group LLC increased its holdings in shares of United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company's stock valued at $262,000 after purchasing an additional 13 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its position in United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after purchasing an additional 14 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock worth $555,000 after buying an additional 14 shares in the last quarter. Finally, Erste Asset Management GmbH boosted its position in United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

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Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by company insiders.

United Rentals Trading Down 2.0 %

URI stock traded down $12.20 during midday trading on Tuesday, hitting $608.51. 452,399 shares of the company's stock were exchanged, compared to its average volume of 547,833. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market cap of $39.74 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The stock's fifty day moving average price is $700.45 and its 200-day moving average price is $759.90.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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 34.21%. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. 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. This represents a $7.16 annualized dividend and a dividend yield of 1.18%. United Rentals's dividend payout ratio is currently 18.48%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial reaffirmed a "buy" rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. 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. Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Finally, Evercore ISI dropped their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $829.00.

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.