Virtu Financial LLC Takes $2.59 Million Position in United Rentals, Inc. (NYSE:URI)

Virtu Financial LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,677 shares of the construction company’s stock, valued at approximately $2,590,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rialto Wealth Management LLC acquired a new stake in United Rentals in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new stake in United Rentals in the fourth quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new stake in United Rentals in the fourth quarter valued at approximately $33,000. Kestra Investment Management LLC acquired a new stake in United Rentals in the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new stake in United Rentals in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Performance

Shares of URI opened at $628.63 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a market cap of $41.05 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company’s 50 day simple moving average is $696.39 and its 200-day simple moving average is $756.77. United Rentals, Inc. has a 12-month low of $585.27 and a 12-month high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Analysts Set New Price Targets

URI has been the topic of several analyst reports. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Morgan Stanley cut 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 report on Monday, February 3rd. Finally, Truist Financial reissued a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $815.67.

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.