TigerOak Management L.L.C. Acquires New Holdings in United Rentals, Inc. (NYSE:URI)

TigerOak Management L.L.C. acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,950 shares of the construction company’s stock, valued at approximately $1,374,000.

Several other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of United Rentals during the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals during the 3rd quarter worth about $31,000. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals during the 4th quarter worth about $33,000. Carmichael Hill & Associates Inc. raised its position in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in shares of United Rentals during the 3rd quarter worth about $41,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

URI stock opened at $741.10 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market cap of $48.40 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.54 and a beta of 1.68. The firm has a 50 day simple moving average of $740.77 and a 200 day simple moving average of $769.76. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Research analysts anticipate that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $1.79 dividend. The ex-dividend date is Wednesday, February 12th. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. United Rentals’s payout ratio is 16.83%.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent analyst reports. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Barclays boosted their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Citigroup lowered their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley lowered their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $814.08.

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.