TigerOak Management L.L.C. Invests $1.37 Million in United Rentals, Inc. (NYSE:URI)

TigerOak Management L.L.C. acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,950 shares of the construction company's stock, valued at approximately $1,374,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Creative Planning boosted its stake in United Rentals by 7.9% in the third quarter. Creative Planning now owns 13,046 shares of the construction company's stock valued at $10,563,000 after acquiring an additional 959 shares in the last quarter. Vontobel Holding Ltd. grew its stake in United Rentals by 65.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 4,919 shares of the construction company's stock worth $3,983,000 after buying an additional 1,950 shares during the last quarter. Trust Co. of Vermont increased its position in United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company's stock worth $49,000 after buying an additional 60 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in United Rentals by 5.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,217 shares of the construction company's stock valued at $5,844,000 after buying an additional 382 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in United Rentals by 21.3% in the third quarter. Aaron Wealth Advisors LLC now owns 438 shares of the construction company's stock valued at $355,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock traded down $11.93 on Wednesday, hitting $708.42. The company's stock had a trading volume of 637,402 shares, compared to its average volume of 660,600. 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 company has a market capitalization of $46.27 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68. The firm has a fifty day moving average price of $735.61 and a 200-day moving average price of $769.95. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 34.21% and a net margin of 16.78%. On average, equities research analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $1.79 dividend. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.01%. United Rentals's payout ratio is presently 18.48%.

Analyst Ratings Changes

URI has been the topic of a number of research reports. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. 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. Truist Financial reaffirmed a "buy" rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Bank of America increased their target price on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $829.00.

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.