Oak Ridge Investments LLC Has $5.23 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Oak Ridge Investments LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,423 shares of the construction company's stock after purchasing an additional 466 shares during the period. Oak Ridge Investments LLC's holdings in United Rentals were worth $5,229,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. ORG Wealth Partners LLC acquired a new stake in United Rentals in the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals in the third quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. raised its position in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after purchasing an additional 20 shares during the last quarter. HM Payson & Co. acquired a new position in United Rentals during the 3rd quarter worth $41,000. Finally, Trust Co. of Vermont lifted its holdings 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 buying an additional 60 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction dated 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 owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.49% of the company's stock.

United Rentals Stock Up 1.8 %

URI traded up $13.39 during trading on Friday, reaching $770.81. The company had a trading volume of 897,099 shares, compared to its average volume of 466,512. The company has a market cap of $50.58 billion, a P/E ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a 12 month low of $553.22 and a 12 month high of $896.98. 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 business's fifty day moving average price is $778.79 and its 200 day moving average price is $762.34.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share 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 company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company posted $11.73 earnings per share. United Rentals's revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.85%. The ex-dividend date was Wednesday, November 13th. United Rentals's payout ratio is 17.03%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on URI. Barclays boosted their target price on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research report on Friday, October 25th. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Truist Financial cut their price objective on shares of United Rentals from $965.00 to $963.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Argus lifted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. One investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $805.08.

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.