Illumine Investment Management LLC Invests $758,000 in United Rentals, Inc. (NYSE:URI)

Illumine Investment Management LLC acquired a new position in United Rentals, Inc. (NYSE:URI) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,076 shares of the construction company’s stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of URI. Bouchey Financial Group Ltd bought a new stake in shares of United Rentals during the fourth quarter valued at about $249,000. QRG Capital Management Inc. grew its position in United Rentals by 5.4% during the fourth quarter. QRG Capital Management Inc. now owns 29,429 shares of the construction company’s stock worth $20,731,000 after buying an additional 1,504 shares in the last quarter. Versor Investments LP purchased a new stake in shares of United Rentals in the 4th quarter valued at about $889,000. Proficio Capital Partners LLC bought a new stake in shares of United Rentals during the 4th quarter valued at about $171,733,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of United Rentals by 2.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,963 shares of the construction company’s stock worth $1,383,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on URI. Argus increased their target price on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial reiterated a “buy” rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. Citigroup decreased their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley decreased their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Trading Down 1.4 %

Shares of URI opened at $633.65 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a market cap of $41.38 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.43 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The company’s fifty day simple moving average is $723.03 and its 200-day simple moving average is $768.06.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.13%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

United Rentals Company Profile

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.