Stenger Family Office LLC Invests $1.26 Million in United Rentals, Inc. (NYSE:URI)

Stenger Family Office LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,785 shares of the construction company’s stock, valued at approximately $1,257,000.

Several other hedge funds have also recently bought and sold shares of URI. Adell Harriman & Carpenter Inc. lifted its position in shares of United Rentals by 1.8% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after purchasing an additional 14 shares in the last quarter. Valmark Advisers Inc. increased its stake in United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock worth $555,000 after buying an additional 14 shares during the period. Erste Asset Management GmbH lifted its holdings in United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock worth $2,002,000 after buying an additional 14 shares in the last quarter. Klingman & Associates LLC boosted its position in United Rentals by 2.3% in the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock valued at $471,000 after buying an additional 15 shares during the period. Finally, Moody National Bank Trust Division grew its stake in shares of United Rentals by 4.5% in the fourth quarter. Moody National Bank Trust Division now owns 368 shares of the construction company’s stock worth $259,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $597.65 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The firm has a market capitalization of $39.05 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.43 and a beta of 1.72. The company’s fifty day moving average price is $638.42 and its 200 day moving average price is $737.67.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.20%. United Rentals’s dividend payout ratio (DPR) is 18.48%.

Insider Activity

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 shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now directly 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 is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on URI. UBS Group cut United Rentals from a “buy” rating to a “sell” rating and reduced their price objective for the company from $910.00 to $485.00 in a research note on Monday, April 7th. Evercore ISI reduced their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Citigroup lowered their price objective on United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Truist Financial reduced their target price on shares of United Rentals from $956.00 to $732.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird upgraded shares of 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $734.29.

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.