Schechter Investment Advisors LLC Has $876,000 Holdings in United Rentals, Inc. (NYSE:URI)

Schechter Investment Advisors LLC reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,527 shares of the construction company’s stock after selling 53 shares during the quarter. Schechter Investment Advisors LLC’s holdings in United Rentals were worth $876,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of URI. Norges Bank acquired a new position in United Rentals during the 4th quarter valued at $586,415,000. Moneta Group Investment Advisors LLC raised 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 buying an additional 1,340,676 shares in the last quarter. Royal Bank of Canada raised its stake in shares of United Rentals by 49.1% in the 1st quarter. Royal Bank of Canada now owns 672,534 shares of the construction company’s stock valued at $238,890,000 after buying an additional 221,613 shares in the last quarter. Vanguard Group Inc. raised 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 buying an additional 186,931 shares in the last quarter. Finally, Morgan Stanley grew its holdings 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 worth $624,121,000 after purchasing an additional 170,958 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

NYSE URI opened at $720.15 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 1.24. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37. The company has a market capitalization of $48.39 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.63 and a beta of 1.84. The firm’s 50 day moving average is $660.00 and its 200-day moving average is $543.15.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 24th. The construction company reported $11.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.85 by $0.41. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.63 billion. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $9.74 earnings per share. Equities research analysts anticipate that United Rentals, Inc. will post 42.9 earnings per share for the current fiscal year.

United Rentals declared that its board has approved a stock buyback plan on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.91%. This is an increase from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date was Tuesday, February 13th. United Rentals’s payout ratio is presently 18.44%.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the transaction, the chief financial officer now directly owns 6,323 shares in the company, valued at $4,145,485.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on URI shares. KeyCorp lowered shares of United Rentals from an “overweight” rating to a “sector weight” rating in a report on Monday, December 4th. Citigroup upped their target price on shares of United Rentals from $490.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Morgan Stanley started coverage on shares of United Rentals in a report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 target price on the stock. Truist Financial started coverage on shares of United Rentals in a report on Thursday, March 14th. They issued a “buy” rating and a $793.00 target price on the stock. Finally, Evercore ISI upped their target price on shares of United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus price target of $572.20.

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.