United Rentals, Inc. (NYSE:URI) Shares Bought by Court Place Advisors LLC

Court Place Advisors LLC lifted its holdings in United Rentals, Inc. (NYSE:URI) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,127 shares of the construction company’s stock after acquiring an additional 307 shares during the period. United Rentals makes up 5.9% of Court Place Advisors LLC’s portfolio, making the stock its 2nd biggest position. Court Place Advisors LLC’s holdings in United Rentals were worth $17,849,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in United Rentals during the 3rd quarter valued at $25,000. MUFG Americas Holdings Corp grew its stake in United Rentals by 1,900.0% in the third quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock worth $27,000 after purchasing an additional 95 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in United Rentals in the second quarter worth about $27,000. AdvisorNet Financial Inc grew its stake in United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in United Rentals in the third quarter worth about $29,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on URI shares. BNP Paribas reiterated an “underperform” rating and issued a $485.00 price target on shares of United Rentals in a research note on Friday, January 5th. Stifel Nicolaus lifted their target price on United Rentals from $494.00 to $591.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Barclays lifted their target price on United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. Evercore ISI lifted their target price on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, Truist Financial began coverage on United Rentals in a research note on Thursday, March 14th. They issued a “buy” rating and a $793.00 target price for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and a consensus target price of $589.21.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the transaction, the chief financial officer now owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by corporate insiders.

United Rentals Stock Performance

Shares of NYSE URI traded down $19.76 during midday trading on Wednesday, hitting $636.21. 895,980 shares of the company’s stock were exchanged, compared to its average volume of 580,234. United Rentals, Inc. has a twelve month low of $325.15 and a twelve month high of $732.37. The firm has a market cap of $42.73 billion, a P/E ratio of 18.00, a PEG ratio of 2.31 and a beta of 1.84. The stock’s 50 day moving average price is $680.66 and its 200-day moving average price is $568.62. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.81 and a quick ratio of 0.75.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, topping the consensus estimate of $10.85 by $0.41. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the company earned $9.74 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities research analysts anticipate that United Rentals, Inc. will post 43.13 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $1.63 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date was Tuesday, February 13th. This represents a $6.52 annualized dividend and a yield of 1.02%. United Rentals’s payout ratio is presently 18.44%.

United Rentals declared that its board has initiated a stock buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.