Y.D. More Investments Ltd Buys Shares of 2,250 United Rentals, Inc. $URI

Y.D. More Investments Ltd purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,250 shares of the construction company’s stock, valued at approximately $1,821,000.

A number of other institutional investors and hedge funds have also modified their holdings of URI. Woodline Partners LP boosted its position in United Rentals by 40.0% during the first quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after purchasing an additional 1,577 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of United Rentals by 100.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 16,881 shares of the construction company’s stock worth $12,718,000 after buying an additional 8,443 shares in the last quarter. Beacon Pointe Advisors LLC grew its stake in United Rentals by 5.0% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,092 shares of the construction company’s stock valued at $823,000 after acquiring an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in United Rentals by 33.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 373 shares of the construction company’s stock valued at $281,000 after acquiring an additional 93 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in United Rentals by 11.8% during the 2nd quarter. Guggenheim Capital LLC now owns 2,050 shares of the construction company’s stock valued at $1,544,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,498 shares of United Rentals stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total value of $1,184,753.22. Following the completion of the sale, the executive vice president owned 6,872 shares in the company, valued at $5,434,996.08. The trade was a 17.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael D. Durand sold 2,490 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the transaction, the executive vice president directly owned 7,458 shares of the company’s stock, valued at approximately $5,900,322.12. This represents a 25.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $732.08 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88. The firm has a market cap of $46.04 billion, a PE ratio of 18.93, a P/E/G ratio of 1.18 and a beta of 1.68. The firm has a 50 day simple moving average of $811.00 and a 200-day simple moving average of $857.07. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing the consensus estimate of $11.86 by ($0.77). The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.24 billion. United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $11.59 earnings per share. On average, equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals announced that its board has initiated a share repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were given a $1.97 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.79. This represents a $7.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, February 11th. United Rentals’s dividend payout ratio (DPR) is presently 20.37%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Sanford C. Bernstein set a $965.00 price target on shares of United Rentals in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, January 21st. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price on the stock in a report on Sunday, January 4th. Truist Financial set a $972.00 price target on United Rentals in a research report on Friday, January 30th. Finally, Robert W. Baird set a $970.00 price objective on United Rentals in a research report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $925.59.

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.