Trek Financial LLC Takes $394,000 Position in United Rentals, Inc. (NYSE:URI)

Trek Financial LLC acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 559 shares of the construction company's stock, valued at approximately $394,000.

Other institutional investors also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in shares of United Rentals during the 4th quarter worth $25,000. ORG Wealth Partners LLC bought a new position in United Rentals during the 4th quarter worth about $26,000. Murphy & Mullick Capital Management Corp bought a new position in United Rentals during the 4th quarter worth about $27,000. Meeder Asset Management Inc. increased its position in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management bought a new stake in shares of United Rentals in the 4th quarter valued at about $33,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore ISI cut their price objective 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. Bank of America cut their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Citigroup cut their price target on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial decreased their price target on shares of United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $752.14.

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Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.51% of the stock is currently owned by insiders.

United Rentals Stock Performance

Shares of NYSE URI traded up $1.63 during trading on Friday, reaching $581.57. 769,125 shares of the company traded hands, compared to its average volume of 589,193. The stock has a market cap of $38.00 billion, a P/E ratio of 15.01, a PEG ratio of 1.43 and a beta of 1.72. The firm's fifty day simple moving average is $644.29 and its 200 day simple moving average is $740.17. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98.

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

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.79 dividend. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Wednesday, February 12th. United Rentals's payout ratio is currently 18.48%.

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.