Roman Butler Fullerton & Co. Raises Holdings in United Rentals, Inc. $URI

Roman Butler Fullerton & Co. boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 70.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,707 shares of the construction company’s stock after acquiring an additional 707 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in United Rentals were worth $1,486,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. TD Waterhouse Canada Inc. lifted its stake in United Rentals by 73.3% during the third quarter. TD Waterhouse Canada Inc. now owns 5,740 shares of the construction company’s stock worth $5,533,000 after purchasing an additional 2,428 shares during the last quarter. National Pension Service lifted its position in shares of United Rentals by 4.5% during the 3rd quarter. National Pension Service now owns 103,146 shares of the construction company’s stock worth $98,469,000 after buying an additional 4,415 shares during the last quarter. North Growth Management Ltd. boosted its holdings in shares of United Rentals by 22.2% in the 3rd quarter. North Growth Management Ltd. now owns 11,000 shares of the construction company’s stock valued at $10,189,000 after buying an additional 2,000 shares in the last quarter. HB Wealth Management LLC grew its position in shares of United Rentals by 37.2% in the 3rd quarter. HB Wealth Management LLC now owns 6,608 shares of the construction company’s stock valued at $6,308,000 after buying an additional 1,790 shares during the last quarter. Finally, Independent Advisor Alliance raised its stake in United Rentals by 11.6% during the 3rd quarter. Independent Advisor Alliance now owns 9,108 shares of the construction company’s stock worth $8,695,000 after acquiring an additional 947 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

United Rentals stock opened at $901.15 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88. The business has a 50 day simple moving average of $851.62 and a 200-day simple moving average of $889.72. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The stock has a market capitalization of $56.77 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.44 and a beta of 1.70.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $11.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.86 by ($0.77). United Rentals had a net margin of 15.49% and a return on equity of 30.35%. The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the firm posted $11.59 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals announced that its board has approved a share repurchase program on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 8.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be issued a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $7.88 annualized dividend and a dividend yield of 0.9%. This is an increase from United Rentals’s previous quarterly dividend of $1.79. United Rentals’s payout ratio is 20.37%.

Insiders Place Their Bets

In other United Rentals news, EVP Michael D. Durand sold 2,490 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the completion of the sale, the executive vice president owned 7,458 shares of the company’s stock, valued at approximately $5,900,322.12. This trade represents a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on URI shares. KeyCorp set a $950.00 price objective on shares of United Rentals in a research note on Friday, January 30th. Wells Fargo & Company raised their price target on United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Barclays reduced their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. Sanford C. Bernstein set a $965.00 target price on shares of United Rentals in a research report on Friday, January 30th. Finally, Truist Financial set a $972.00 price target on shares of United Rentals in a research report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $925.59.

About United Rentals

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.