Tower Research Capital LLC TRC Boosts Position in United Rentals, Inc. (NYSE:URI)

Tower Research Capital LLC TRC boosted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 40.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,017 shares of the construction company's stock after acquiring an additional 1,439 shares during the quarter. Tower Research Capital LLC TRC's holdings in United Rentals were worth $3,534,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of URI. Adell Harriman & Carpenter Inc. increased its position in United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after buying an additional 14 shares during the last quarter. Valmark Advisers Inc. grew its stake in shares of United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock worth $555,000 after acquiring an additional 14 shares during the period. Erste Asset Management GmbH increased its holdings in United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after acquiring an additional 14 shares during the last quarter. Forum Financial Management LP raised its stake in United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after acquiring an additional 14 shares during the period. Finally, Klingman & Associates LLC raised its stake in United Rentals by 2.3% in the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock valued at $471,000 after acquiring an additional 15 shares during the period. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

URI stock traded down $12.66 during mid-day trading on Friday, hitting $634.70. 812,363 shares of the stock were exchanged, compared to its average volume of 593,940. The stock has a market capitalization of $41.47 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.43 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The business has a fifty day moving average price of $617.66 and a 200 day moving average price of $728.14.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.13%. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on URI. Robert W. Baird boosted their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday. Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Truist Financial raised their target price on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Evercore ISI decreased their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $727.43.

Insider Activity

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.53% of the company's stock.

About United Rentals

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.