United Rentals, Inc. (NYSE:URI) is Court Place Advisors LLC’s 2nd Largest Position

Court Place Advisors LLC lifted its position in United Rentals, Inc. (NYSE:URI) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,127 shares of the construction company’s stock after purchasing an additional 307 shares during the quarter. United Rentals accounts for about 5.9% of Court Place Advisors LLC’s holdings, making the stock its 2nd largest holding. Court Place Advisors LLC’s holdings in United Rentals were worth $17,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of URI. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of United Rentals by 0.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 16,161 shares of the construction company’s stock valued at $9,267,000 after acquiring an additional 61 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of United Rentals by 6.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,970 shares of the construction company’s stock worth $9,158,000 after acquiring an additional 954 shares during the period. TRUE Private Wealth Advisors grew its holdings in shares of United Rentals by 2.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 7,624 shares of the construction company’s stock worth $4,372,000 after acquiring an additional 179 shares during the period. Duncker Streett & Co. Inc. grew its holdings in shares of United Rentals by 18.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 5,238 shares of the construction company’s stock worth $3,004,000 after acquiring an additional 803 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of United Rentals by 6.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 189,486 shares of the construction company’s stock worth $108,655,000 after acquiring an additional 11,395 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on URI. The Goldman Sachs Group upped their price target on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday. BNP Paribas restated an “underperform” rating and issued a $485.00 price target on shares of United Rentals in a research note on Friday, January 5th. Robert W. Baird upped their price target on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research note on Friday, January 26th. Truist Financial began coverage on United Rentals in a research note on Thursday, March 14th. They issued a “buy” rating and a $793.00 price target on the stock. Finally, Barclays upped their price target on United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, United Rentals presently has an average rating of “Hold” and a consensus target price of $589.21.

United Rentals Stock Performance

United Rentals stock traded down $19.76 during trading on Wednesday, reaching $636.21. The company had a trading volume of 895,980 shares, compared to its average volume of 580,234. United Rentals, Inc. has a 52 week low of $325.15 and a 52 week high of $732.37. The firm’s 50-day simple moving average is $680.66 and its 200 day simple moving average is $568.62. The firm has a market capitalization of $42.73 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.31 and a beta of 1.84. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, beating analysts’ consensus estimates of $10.85 by $0.41. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.63 billion. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $9.74 earnings per share. Sell-side analysts forecast that United Rentals, Inc. will post 43.13 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This is a boost from United Rentals’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 1.02%. United Rentals’s dividend payout ratio (DPR) is currently 18.44%.

United Rentals declared that its Board of Directors has authorized a share buyback plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

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.