Muhlenkamp & Co. Inc. Has $10.83 Million Position in United Rentals, Inc. (NYSE:URI)

Muhlenkamp & Co. Inc. grew its position in United Rentals, Inc. (NYSE:URI) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,375 shares of the construction company’s stock after acquiring an additional 39 shares during the period. United Rentals comprises about 3.3% of Muhlenkamp & Co. Inc.’s portfolio, making the stock its 17th largest holding. Muhlenkamp & Co. Inc.’s holdings in United Rentals were worth $10,830,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of URI. Advisory Services Network LLC grew its holdings in United Rentals by 1.3% during the fourth quarter. Advisory Services Network LLC now owns 8,732 shares of the construction company’s stock worth $6,151,000 after purchasing an additional 109 shares during the period. FIL Ltd lifted its position in shares of United Rentals by 58.9% in the fourth quarter. FIL Ltd now owns 8,929 shares of the construction company’s stock valued at $6,290,000 after buying an additional 3,309 shares during the last quarter. Shelton Capital Management boosted its stake in shares of United Rentals by 34.7% during the 4th quarter. Shelton Capital Management now owns 516 shares of the construction company’s stock worth $363,000 after acquiring an additional 133 shares during the period. U S Wealth Group LLC. acquired a new position in shares of United Rentals during the 4th quarter worth approximately $2,606,000. Finally, Twin Capital Management Inc. raised its stake in United Rentals by 17.0% in the 4th quarter. Twin Capital Management Inc. now owns 592 shares of the construction company’s stock valued at $417,000 after acquiring an additional 86 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of NYSE URI opened at $559.94 on Tuesday. The stock has a market capitalization of $36.58 billion, a PE ratio of 14.45, a P/E/G ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week 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 business has a fifty day moving average price of $665.55 and a two-hundred day moving average price of $748.93.

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 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 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.28%. United Rentals’s dividend payout ratio (DPR) is currently 18.48%.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and reduced their target price for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Truist Financial reissued a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, UBS Group downgraded United Rentals from a “buy” rating to a “sell” rating and decreased their target price for the company from $910.00 to $485.00 in a research report on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $781.36.

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.