United Rentals, Inc. (NYSE:URI) Position Lifted by Charles Carroll Financial Partners LLC

Charles Carroll Financial Partners LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,900 shares of the construction company’s stock after buying an additional 345 shares during the quarter. United Rentals accounts for 8.6% of Charles Carroll Financial Partners LLC’s portfolio, making the stock its 2nd largest position. Charles Carroll Financial Partners LLC’s holdings in United Rentals were worth $7,971,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ballentine Partners LLC lifted its position in United Rentals by 2.1% during the 4th quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock worth $510,000 after acquiring an additional 18 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of United Rentals by 1.3% during the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock worth $827,000 after purchasing an additional 18 shares in the last quarter. Oak Ridge Investments LLC boosted its stake in shares of United Rentals by 0.3% in the fourth quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock valued at $3,335,000 after purchasing an additional 20 shares during the period. Caprock Group LLC grew its holdings in United Rentals by 2.3% during the 4th quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after purchasing an additional 20 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI traded up $2.09 during trading hours on Friday, reaching $666.66. The company’s stock had a trading volume of 343,283 shares, compared to its average volume of 612,228. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The business has a 50-day simple moving average of $683.37 and a 200 day simple moving average of $587.50. United Rentals, Inc. has a 52 week low of $325.15 and a 52 week high of $732.37. The stock has a market cap of $44.39 billion, a PE ratio of 18.06, a PEG ratio of 2.17 and a beta of 1.82.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.35 by $0.80. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $7.95 EPS. Equities research analysts predict that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. The ex-dividend date is Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 0.98%. United Rentals’s dividend payout ratio is currently 17.66%.

United Rentals announced that its board has authorized a stock repurchase program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on URI shares. Morgan Stanley initiated coverage on United Rentals in a research note on Monday, January 8th. They set an “equal weight” rating and a $500.00 target price for the company. Oppenheimer restated a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Robert W. Baird upped their target price on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. Truist Financial raised their price target on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Evercore ISI upped their price target on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $600.79.

Insider Transactions at United Rentals

In other news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other United Rentals news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the transaction, the chief financial officer now owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,713 shares of company stock worth $6,747,384. 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.