Capital Analysts LLC Has $224,000 Position in United Rentals, Inc. (NYSE:URI)

Capital Analysts LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 22.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 391 shares of the construction company’s stock after selling 116 shares during the period. Capital Analysts LLC’s holdings in United Rentals were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of United Rentals by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 8,179,328 shares of the construction company’s stock valued at $2,905,379,000 after purchasing an additional 186,931 shares during the last quarter. Morgan Stanley increased its stake in shares of United Rentals by 10.8% in the 4th quarter. Morgan Stanley now owns 1,756,009 shares of the construction company’s stock valued at $624,121,000 after purchasing an additional 170,958 shares during the last quarter. Norges Bank bought a new position in shares of United Rentals in the 4th quarter valued at $586,415,000. Geode Capital Management LLC increased its stake in shares of United Rentals by 2.8% in the 1st quarter. Geode Capital Management LLC now owns 1,441,997 shares of the construction company’s stock valued at $569,394,000 after purchasing an additional 39,917 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in shares of United Rentals by 104,089.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,341,964 shares of the construction company’s stock valued at $476,961,000 after purchasing an additional 1,340,676 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

URI stock opened at $636.21 on Thursday. The firm has a market cap of $42.73 billion, a PE ratio of 18.00, a P/E/G ratio of 2.27 and a beta of 1.84. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average of $680.66 and a 200-day moving average of $568.62. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37.

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

United Rentals announced that its board has initiated a share buyback program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $1.63 dividend. This is an increase 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%. The ex-dividend date was Tuesday, February 13th. United Rentals’s dividend payout ratio (DPR) is currently 18.44%.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of a number of research reports. Evercore ISI boosted their price objective on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Barclays lifted their target price on United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Truist Financial initiated coverage on United Rentals in a report on Thursday, March 14th. They set a “buy” rating and a $793.00 target price on the stock. Wells Fargo & Company lifted their target price on United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Robert W. Baird lifted their target price on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $589.21.

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.