Intech Investment Management LLC Has $7.07 Million Stake in United Rentals, Inc. $URI

Intech Investment Management LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 285.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,739 shares of the construction company’s stock after buying an additional 6,471 shares during the quarter. Intech Investment Management LLC’s holdings in United Rentals were worth $7,073,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Baker Avenue Asset Management LP boosted its stake in United Rentals by 25.0% in the 4th quarter. Baker Avenue Asset Management LP now owns 861 shares of the construction company’s stock valued at $697,000 after buying an additional 172 shares in the last quarter. Huntington National Bank boosted its stake in United Rentals by 16.2% in the fourth quarter. Huntington National Bank now owns 623 shares of the construction company’s stock worth $504,000 after purchasing an additional 87 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in United Rentals by 0.4% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 8,691 shares of the construction company’s stock worth $7,034,000 after purchasing an additional 31 shares in the last quarter. King Luther Capital Management Corp acquired a new position in United Rentals in the fourth quarter worth $7,806,000. Finally, Roundview Capital LLC boosted its stake in United Rentals by 1.8% in the fourth quarter. Roundview Capital LLC now owns 6,014 shares of the construction company’s stock worth $4,867,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares in the company, valued at approximately $98,478,300.40. This represents a 18.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This represents a 5.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank Of Canada boosted their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Barclays boosted their price objective on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. Truist Financial set a $1,209.00 price objective on United Rentals in a research note on Friday, April 24th. Finally, Weiss Ratings raised United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Twelve equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $1,006.13.

United Rentals Trading Up 0.9%

NYSE URI opened at $996.99 on Friday. The stock has a 50-day simple moving average of $854.91 and a 200 day simple moving average of $845.69. The company has a market capitalization of $62.46 billion, a PE ratio of 25.43, a P/E/G ratio of 1.58 and a beta of 1.83. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 12 month low of $681.98 and a 12 month high of $1,021.47.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.86 EPS. Research analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is currently 20.10%.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.