United Rentals, Inc. (NYSE:URI) Stake Boosted by Larson Financial Group LLC

Larson Financial Group LLC increased its stake in United Rentals, Inc. (NYSE:URI) by 1,525.0% during the fourth quarter, HoldingsChannel reports. The firm owned 65 shares of the construction company’s stock after acquiring an additional 61 shares during the period. Larson Financial Group LLC’s holdings in United Rentals were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in United Rentals by 58,829.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after purchasing an additional 1,041,281 shares in the last quarter. Invesco Ltd. grew its stake in United Rentals by 19.1% during the 3rd quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after acquiring an additional 149,838 shares in the last quarter. Northern Trust Corp grew its stake in United Rentals by 1.5% during the 3rd quarter. Northern Trust Corp now owns 680,217 shares of the construction company’s stock valued at $302,404,000 after acquiring an additional 10,018 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in United Rentals by 12.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company’s stock valued at $284,061,000 after acquiring an additional 72,066 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in United Rentals by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 390,872 shares of the construction company’s stock valued at $173,770,000 after acquiring an additional 35,295 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on URI shares. BNP Paribas reaffirmed an “underperform” rating and set a $485.00 target price on shares of United Rentals in a research note on Friday, January 5th. Truist Financial started coverage on United Rentals in a research note on Thursday, March 14th. They set a “buy” rating and a $793.00 target price on the stock. Wells Fargo & Company lifted their price target on United Rentals from $630.00 to $710.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Evercore ISI lifted their price target on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Finally, Barclays lifted their price target on United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, United Rentals presently has a consensus rating of “Hold” and an average target price of $600.57.

United Rentals Stock Down 0.0 %

URI opened at $690.77 on Friday. The business has a 50 day moving average price of $681.18 and a 200 day moving average price of $578.63. United Rentals, Inc. has a twelve month low of $325.15 and a twelve month high of $732.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.75 and a current ratio of 0.89. The firm has a market cap of $46.00 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.84.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping the consensus estimate of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.95 EPS. Research analysts forecast that United Rentals, Inc. will post 43.13 EPS for the current year.

United Rentals Announces Dividend

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

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

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

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.