Thoroughbred Financial Services LLC Has $4.89 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Thoroughbred Financial Services LLC increased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 35.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,947 shares of the construction company's stock after purchasing an additional 1,825 shares during the period. Thoroughbred Financial Services LLC's holdings in United Rentals were worth $4,894,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of United Rentals by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock worth $1,115,142,000 after buying an additional 20,401 shares during the period. Alliancebernstein L.P. increased its position in United Rentals by 16.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock worth $880,778,000 after purchasing an additional 172,340 shares in the last quarter. Franklin Resources Inc. raised its holdings in United Rentals by 9.8% in the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock valued at $770,199,000 after buying an additional 97,336 shares during the period. Norges Bank purchased a new stake in United Rentals during the fourth quarter worth approximately $695,716,000. Finally, JPMorgan Chase & Co. boosted its position in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after buying an additional 105,287 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

URI has been the subject of several recent research reports. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their price objective for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Evercore ISI reduced 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. Truist Financial lowered their target price on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $752.14.

United Rentals Stock Down 2.0 %

NYSE URI traded down $10.93 during trading on Wednesday, reaching $541.01. 381,213 shares of the company's stock were exchanged, compared to its average volume of 577,572. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $35.35 billion, a PE ratio of 13.92, a P/E/G ratio of 1.43 and a beta of 1.72. The company's fifty day simple moving average is $657.05 and its 200-day simple moving average is $745.90. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98.

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

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, February 12th. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.32%. United Rentals's payout ratio is 18.48%.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 6,880 shares of the company's stock, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is owned by insiders.

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.