X Square Capital LLC Buys 30 Shares of United Rentals, Inc. (NYSE:URI)

X Square Capital LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,018 shares of the construction company’s stock after acquiring an additional 30 shares during the period. United Rentals comprises 1.5% of X Square Capital LLC’s investment portfolio, making the stock its 18th biggest position. X Square Capital LLC’s holdings in United Rentals were worth $3,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Rialto Wealth Management LLC purchased a new position in shares of United Rentals in the fourth quarter worth about $25,000. ORG Wealth Partners LLC bought a new position in United Rentals in the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals in the 4th quarter valued at approximately $27,000. Hanson & Doremus Investment Management bought a new stake in United Rentals during the 4th quarter valued at $33,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of United Rentals during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.9 %

Shares of URI opened at $647.13 on Friday. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $689.85 and a two-hundred day simple moving average of $755.06. The firm has a market cap of $42.26 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) 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%. On average, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.11%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is currently 18.48%.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on URI shares. JPMorgan Chase & Co. boosted their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup decreased their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI cut their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Truist Financial reaffirmed a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, Morgan Stanley cut their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $804.15.

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.