Murphy & Mullick Capital Management Corp Acquires New Shares in United Rentals, Inc. (NYSE:URI)

Murphy & Mullick Capital Management Corp bought a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 39 shares of the construction company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bay Capital Advisors LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at $494,000. TIAA Trust National Association grew its stake in shares of United Rentals by 596.3% in the fourth quarter. TIAA Trust National Association now owns 12,367 shares of the construction company’s stock worth $8,712,000 after acquiring an additional 10,591 shares during the period. TD Asset Management Inc. raised its holdings in shares of United Rentals by 207.8% during the fourth quarter. TD Asset Management Inc. now owns 234,366 shares of the construction company’s stock valued at $165,097,000 after purchasing an additional 158,214 shares during the last quarter. EFG Asset Management North America Corp. lifted its position in United Rentals by 10.7% during the fourth quarter. EFG Asset Management North America Corp. now owns 4,249 shares of the construction company’s stock valued at $2,992,000 after purchasing an additional 411 shares during the period. Finally, Taikang Asset Management Hong Kong Co Ltd purchased a new stake in United Rentals in the fourth quarter worth approximately $993,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company 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 restated a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $804.15.

United Rentals Price Performance

NYSE:URI opened at $627.10 on Friday. The stock has a market cap of $40.95 billion, a PE ratio of 16.18, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business’s 50-day simple moving average is $686.97 and its two-hundred day simple moving average is $754.58. United Rentals, Inc. has a 52 week low of $585.27 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 analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.14%. This is a boost 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 presently 18.48%.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, 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 insiders.

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.