V Square Quantitative Management LLC Has $1.56 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

V Square Quantitative Management LLC grew its position in United Rentals, Inc. (NYSE:URIFree Report) by 14.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,169 shares of the construction company’s stock after buying an additional 275 shares during the period. V Square Quantitative Management LLC’s holdings in United Rentals were worth $1,564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in URI. Capital Research Global Investors grew its position in shares of United Rentals by 39.1% during the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after buying an additional 1,799,997 shares during the period. Norges Bank acquired a new stake in United Rentals during the 4th quarter worth $977,443,000. International Assets Investment Management LLC grew its holdings in United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after acquiring an additional 1,041,281 shares during the period. Deutsche Bank AG raised its position in shares of United Rentals by 88.1% during the 3rd quarter. Deutsche Bank AG now owns 362,151 shares of the construction company’s stock valued at $161,001,000 after acquiring an additional 169,586 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of United Rentals by 19.1% in the 3rd quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after purchasing an additional 149,838 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

United Rentals Stock Performance

Shares of United Rentals stock traded down $6.18 during trading on Tuesday, hitting $694.95. 276,014 shares of the stock were exchanged, compared to its average volume of 564,131. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average price of $685.35 and a 200-day moving average price of $612.17. The stock has a market capitalization of $46.28 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.23 and a beta of 1.82. United Rentals, Inc. has a 1-year low of $330.30 and a 1-year high of $732.37.

United Rentals (NYSE:URIGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.35 by $0.80. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.95 earnings per share. As a group, equities analysts predict that United Rentals, Inc. will post 43.61 EPS for the current fiscal year.

United Rentals declared that its board has approved a share buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, May 7th. United Rentals’s dividend payout ratio is 17.66%.

Analysts Set New Price Targets

A number of brokerages recently commented on URI. Truist Financial lifted their price objective on United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Robert W. Baird upped their price target on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Barclays lifted their price objective on shares of United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. The Goldman Sachs Group upped their target price on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company lifted their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $600.79.

Get Our Latest Stock Report on URI

About United Rentals

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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