Optimize Financial Inc Purchases Shares of 301 United Rentals, Inc. (NYSE:URI)

Optimize Financial Inc acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 4th quarter, Holdings Channel reports. The firm acquired 301 shares of the construction company’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently made changes to their positions in the business. Rialto Wealth Management LLC purchased a new position in United Rentals in the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new position in shares of United Rentals in the fourth quarter worth $26,000. Murphy & Mullick Capital Management Corp bought a new position in shares of United Rentals during the fourth quarter worth $27,000. Meeder Asset Management Inc. grew its stake in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after acquiring an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in United Rentals in the 4th quarter valued at $33,000. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.51% of the company’s stock.

United Rentals Trading Up 0.3 %

NYSE URI opened at $581.57 on Friday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The company has a fifty day simple moving average of $644.29 and a two-hundred day simple moving average of $740.61. 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 stock has a market cap of $38.00 billion, a P/E ratio of 15.01, a P/E/G ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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%. On average, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 12th. United Rentals’s dividend payout ratio is 18.48%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on URI shares. JPMorgan Chase & Co. raised their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Bank of America reduced their price objective on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Truist Financial decreased their price objective on United Rentals from $956.00 to $732.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price 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 on the stock in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $752.14.

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.