Trexquant Investment LP Buys New Shares in United Rentals, Inc. (NYSE:URI)

Trexquant Investment LP bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 28,376 shares of the construction company's stock, valued at approximately $19,989,000.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in United Rentals during the fourth quarter valued at approximately $641,000. Geode Capital Management LLC increased its holdings 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 valued at $1,115,142,000 after acquiring an additional 20,401 shares during the last quarter. Nemes Rush Group LLC raised its position in shares of United Rentals by 2,848.0% during the 4th quarter. Nemes Rush Group LLC now owns 737 shares of the construction company's stock valued at $519,000 after acquiring an additional 712 shares in the last quarter. National Bank of Canada FI raised its position in shares of United Rentals by 10.7% during the 4th quarter. National Bank of Canada FI now owns 41,420 shares of the construction company's stock valued at $29,179,000 after acquiring an additional 4,007 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its stake in United Rentals by 42.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,180 shares of the construction company's stock worth $889,000 after purchasing an additional 353 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of URI traded down $54.90 during trading hours on Thursday, reaching $591.27. 760,606 shares of the company's stock traded hands, compared to its average volume of 568,866. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98. The business's fifty day simple moving average is $678.19 and its two-hundred day simple moving average is $753.23. 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 $38.63 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.43 and a beta of 1.76.

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

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.21%. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals's dividend payout ratio is 18.48%.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction 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 $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on URI shares. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and decreased their target price for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Truist Financial restated a "buy" rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. One equities research 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $804.15.

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.