Retireful LLC Takes Position in United Rentals, Inc. $URI

Retireful LLC purchased a new position in United Rentals, Inc. (NYSE:URI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 712 shares of the construction company’s stock, valued at approximately $680,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of United Rentals during the 2nd quarter worth approximately $152,069,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in United Rentals during the 2nd quarter valued at approximately $298,000. Vise Technologies Inc. bought a new position in United Rentals during the 2nd quarter worth $7,514,000. Symphony Financial Ltd. Co. acquired a new stake in United Rentals in the second quarter worth $29,171,000. Finally, Stenger Family Office LLC acquired a new position in shares of United Rentals during the second quarter valued at $2,388,000. 96.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on URI. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Wells Fargo & Company assumed coverage on shares of United Rentals in a research note on Thursday, November 13th. They issued an “overweight” rating and a $995.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Truist Financial decreased their price target on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $954.83.

United Rentals Price Performance

Shares of United Rentals stock opened at $827.67 on Monday. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The stock has a market cap of $52.66 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.89 and a beta of 1.68. The company’s 50-day moving average price is $838.74 and its two-hundred day moving average price is $865.23.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the firm earned $11.80 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, November 12th. United Rentals’s payout ratio is presently 18.42%.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.