821 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 821 shares of the construction company’s stock, valued at approximately $578,000.

Other hedge funds also recently made changes to their positions in the company. Rialto Wealth Management LLC acquired a new stake in United Rentals during the 4th quarter valued at $25,000. ORG Wealth Partners LLC bought a new stake in shares of United Rentals during the fourth quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of United Rentals in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. increased its stake in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after purchasing an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in United Rentals during the 4th quarter worth approximately $33,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Down 4.5 %

Shares of NYSE URI opened at $564.56 on Monday. The stock has a 50-day moving average price of $669.75 and a two-hundred day moving average price of $750.57. United Rentals, Inc. has a 12 month low of $537.33 and a 12 month high of $896.98. 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 $36.88 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is 18.48%.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Citigroup reduced their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $804.15.

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.