Mitchell Capital Management Co. Acquires New Stake in United Rentals, Inc. (NYSE:URI)

Mitchell Capital Management Co. purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,653 shares of the construction company's stock, valued at approximately $3,982,000.

A number of other hedge funds have also recently made changes to their positions in URI. ORG Wealth Partners LLC purchased a new position in United Rentals in the 4th quarter worth $26,000. Carmichael Hill & Associates Inc. lifted its stake 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 last quarter. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals in the 4th quarter valued at about $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals during the 4th quarter valued at about $34,000. Finally, HM Payson & Co. bought a new position in United Rentals during the 3rd quarter worth approximately $41,000. 96.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on URI. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Citigroup decreased their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Truist Financial restated a "buy" rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, Morgan Stanley dropped their price objective on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $829.00.

United Rentals Stock Up 6.0 %

Shares of NYSE:URI traded up $35.94 during midday trading on Wednesday, reaching $633.85. The company's stock had a trading volume of 1,200,920 shares, compared to its average volume of 711,970. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $716.80 and a 200-day moving average of $767.11. The firm has a market capitalization of $41.39 billion, a P/E ratio of 16.36, a PEG ratio of 1.43 and a beta of 1.68. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.13%. 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 payout ratio is 18.48%.

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.