Valeo Financial Advisors LLC Increases Position in United Rentals, Inc. (NYSE:URI)

Valeo Financial Advisors LLC increased its position in United Rentals, Inc. (NYSE:URI) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 693 shares of the construction company’s stock after acquiring an additional 77 shares during the period. Valeo Financial Advisors LLC’s holdings in United Rentals were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of United Rentals during the third quarter worth about $25,000. MUFG Americas Holdings Corp boosted its holdings in shares of United Rentals by 1,900.0% in the 3rd quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock valued at $27,000 after acquiring an additional 95 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of United Rentals during the second quarter worth $27,000. AdvisorNet Financial Inc raised its holdings in shares of United Rentals by 71.4% during 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 during the last quarter. Finally, NBC Securities Inc. acquired a new position in United Rentals during the third quarter valued at $29,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on URI shares. 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 on the stock. Robert W. Baird upped their price objective on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research report on Friday, January 26th. Barclays lifted their target price on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 26th. The Goldman Sachs Group increased their price target on shares of United Rentals from $510.00 to $718.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Morgan Stanley began coverage on shares of United Rentals in a report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $584.07.

United Rentals Trading Down 1.6 %

URI stock opened at $674.81 on Monday. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37. The business’s 50-day moving average is $680.53 and its 200 day moving average is $565.11. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The stock has a market cap of $45.33 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.34 and a beta of 1.84.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 24th. The construction company reported $11.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.63 billion. During the same period in the previous year, the company posted $9.74 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 43.05 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Tuesday, February 13th. United Rentals’s dividend payout ratio is 18.44%.

United Rentals announced that its Board of Directors has initiated a share buyback plan on Wednesday, January 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

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.