Golden State Equity Partners Purchases 61 Shares of United Rentals, Inc. (NYSE:URI)

Golden State Equity Partners lifted its position in United Rentals, Inc. (NYSE:URI) by 12.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 559 shares of the construction company’s stock after purchasing an additional 61 shares during the quarter. Golden State Equity Partners’ holdings in United Rentals were worth $321,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Markel Group Inc. increased its holdings in shares of United Rentals by 200.0% in the fourth quarter. Markel Group Inc. now owns 9,000 shares of the construction company’s stock worth $5,161,000 after purchasing an additional 6,000 shares during the last quarter. Kovack Advisors Inc. increased its holdings in shares of United Rentals by 7.6% in the fourth quarter. Kovack Advisors Inc. now owns 10,938 shares of the construction company’s stock worth $6,272,000 after purchasing an additional 769 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in United Rentals in the fourth quarter worth about $1,720,000. Syon Capital LLC grew its position in United Rentals by 39.4% in the fourth quarter. Syon Capital LLC now owns 1,029 shares of the construction company’s stock worth $590,000 after acquiring an additional 291 shares in the last quarter. Finally, Bank of New Hampshire grew its position in United Rentals by 1.8% in the fourth quarter. Bank of New Hampshire now owns 3,477 shares of the construction company’s stock worth $1,994,000 after acquiring an additional 60 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on URI shares. Barclays lifted their price target on United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Morgan Stanley started coverage on United Rentals in a research report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 price target for the company. Truist Financial started coverage on United Rentals in a research report on Thursday, March 14th. They issued a “buy” rating and a $793.00 price target for the company. Stifel Nicolaus lifted their price target on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Robert W. Baird lifted their price target on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $600.57.

Insider Activity

In other news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Stock Down 0.0 %

Shares of NYSE:URI opened at $690.80 on Friday. United Rentals, Inc. has a 1 year low of $325.15 and a 1 year high of $732.37. The business has a 50 day simple moving average of $681.18 and a two-hundred day simple moving average of $579.53. The firm has a market capitalization of $46.00 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.75.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the firm posted $7.95 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict that United Rentals, Inc. will post 43.54 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals’s dividend payout ratio is presently 17.66%.

United Rentals declared that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

United Rentals 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.