14,607 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,607 shares of the construction company's stock, valued at approximately $10,290,000.

Several other hedge funds also recently made changes to their positions in URI. Rialto Wealth Management LLC acquired a new position in shares of United Rentals in the 4th quarter valued at $25,000. ORG Wealth Partners LLC acquired a new position in shares of United Rentals in the fourth quarter worth about $26,000. Hanson & Doremus Investment Management purchased a new position in shares of United Rentals in the fourth quarter worth approximately $33,000. Kestra Investment Management LLC purchased a new position in shares of United Rentals in the fourth quarter worth approximately $34,000. Finally, OFI Invest Asset Management acquired a new stake in shares of United Rentals during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of NYSE URI traded up $6.63 during trading hours on Tuesday, hitting $653.71. 693,836 shares of the stock were exchanged, compared to its average volume of 548,764. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. The company's 50 day moving average is $694.07 and its 200 day moving average is $756.62. 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 firm has a market capitalization of $42.69 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.43 and a beta of 1.76.

Remove Ads

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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 expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $1.79 dividend. This is an increase from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's payout ratio is currently 18.48%.

Analysts Set New Price Targets

A number of brokerages have issued reports on URI. Evercore ISI decreased 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 note on Wednesday, February 19th. Morgan Stanley lowered their target price on 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. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Truist Financial reiterated a "buy" rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $804.15.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company's stock.

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.